The global energy system is in a state of flux. Renewables are experiencing rapid deployment and steep pricefalls. A growing portion of global energy is provided by electricity. There’s a slow, but apparently inexorable move away from coal in China. And there’s a surge in natural gas and oil production in the US. These are just some of the insights in the latest annual World Energy Outlook (WEO), which was published by the International Energy Agency (IEA) this week. Specifically, some of the WEO’s key points include: Solar power will be cheaper than coal, on average, in China, India and the US between 2025 and 2030. Renewables will make up two-thirds of total global investment in new power plants and will be the single largest source of additional energy added up to 2040. By 2040, China will add electricity generation equivalent to the entire US power system. India will […]

Posted in: IEA