18 Sep Global renewable energy generation to match coal by 2040 – EIA report
Global renewable energy generation will match coal generation by 2040 according to a latest international report from the US Energy Information Administration (EIA).
The International Energy Outlook 2017 (IEO2017) predicts that coal will fall to 31% of total energy generation in 13 years, while renewable generation is expected to increase by an average of 2.8% annually, meeting coal at 31% in 2040.
Wind and solar power will continue to represent the bulk of all renewable energy generation over the next 13 years, accounting for over two thirds of all renewable additions over the period.
“Energy intensity has been decreasing for a while,” said Ian Maule, head of analysis for the EIA.“What’s different going forward is that carbon intensity associated with the non-OECD world is also dropping.”
However, coal will continue to be the biggest single source of generation in China through 2040 although its total share will fall from 72% to 47% in 2040.
Chinese wind energy alone is expected to increase more than six-fold in this time, with total renewable energy generation set to rise from 22% today to 34% by 2040.