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June 16, 2016 12:00 pm
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/bq1dSBaC7Ew/renewables-are-set-to-overtake-gas-and-coal-by-2027
Renewables Are Set To Overtake Gas and Coal By 2027
Lucas123 writes: Renewable energy, including solar, wind and hydroelectric will overtake natural gas as an energy source by 2027. According to a new report from Bloomberg New Energy Finance, ten years later those same renewables will have surpassed the largest electricity-generating fossil fuel: coal. Solar and wind will account for almost 60% of the $11.4 trillion invested in energy over the next 25 years, according to Bloomberg's New Energy Outlook 2016 report. One conclusion that may surprise, Bloomberg noted, is that the forecast shows no golden age for natural gas, except in North America. As a global generation source, gas will be overtaken by renewables in 2027. The electric vehicle boom will increase electricity demand by 2,701TWh (terawatt hours), or 8% of global electricity demand in 2040. The rise of EVs will drive down the cost of lithium-ion batteries, making them increasingly attractive to be deployed alongside residential and commercial solar systems.Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/bq1dSBaC7Ew/renewables-are-set-to-overtake-gas-and-coal-by-2027
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