Solar and wind power are among the renewable energies forecast to spike in 2020, accounting for two-thirds of the new power generation capacity comings on line, a new report shows. Experts from The Economist Intelligence Unit (The EIU), forecast energy consumption from non-hydro renewables to rise by 14 percent next year, while oil-generated energy would grow by just 1 percent, even with prices remaining range-bound despite political tensions in the Middle East. “Global energy supply is still a long way from being decarbonized,” says Peter Kiernan, chief energy analyst at the EIU. “The world will still depend mainly on fossil fuels in 2020, with rising use of natural gas and oil more than compensating for a slight decline for coal.” Natural gas will lead growth among the fossil fuels, with a 2.6 percent increase, the report says. Such growth will also put it ahead of hydro power and nuclear […]