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Thursday, October 21, 2021
Energy Transition North America 2021

Renewables Beat Fossil Fuels Second Year in a Row

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Start spreading the news: The world is now deploying more renewable energy in the production of electricity—more wind and solar power, in particular—than it is fossil fuels. And it has been since 2013, according to the analysts at Bloomberg New Energy Finance. That year, the world added 143 gigawatts of new renewables capacity, compared to the 141 gigawatts of power generated by coal, natural gas and oil combined.

Not only that, but by 2030, we’ll likely add a whopping four times as much renewable energy generating capacity as fossil fuel capacity, the Bloomberg folks say. “The electricity system is shifting to clean,” Michael Liebreich, of Bloomberg New Energy Finance, said at the company’s The Future of Energy Summit 2015 in New York City last week. “Despite the change in oil and gas prices, there is going to be a substantial build-out of renewable energy that is likely to be an order of magnitude larger than the build-out of coal and gas.”

You can read the full article at EcoWatch:

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