follow url Between now and 2040, global spending on new electric power generation is forecast to total $10.2 trillion. Of that total, 72% — $7.4 trillion — will be invested in renewables, with solar claiming $2.8 trillion and wind accounting for $3.3 trillion of the total. Annual spending is forecast to reach around $400 billion by 2040.
go to site The data were reported Thursday by Bloomberg New Energy Finance (BNEF) in the firm’s New Energy Outlook for 2017 (NEO) and is based on announced projects in each country along with forecast economics of electricity generation and power system dynamics. The report assumes that current subsidies for renewable energy projects will expire and that energy policies around the world remain “on their current bearing.”
www xforex com demo Among the NEO’s spotlighted data points:
http://shortcreek.us/?enfiors=walk-off-the-earth-members-dating&22a=2e The story for coal is somewhat positive in the mid-term, but the long-term outlook is decidedly downbeat. Global coal-fired generation peaks in 2026 with demand growth from Asia peaking in 2024. From the NEO:
By the mid-2020s, cheap wind and PV begin to undercut new coal on a levelized basis throughout the region, trimming average installations to just 9GW a year. Coal, however, remains the bedrock of the region’s power supply, providing 34% of electricity in 2040 – a larger share than any other fuel.
The NEO also asserts that natural gas is a “transition” fuel, but not in the way most of us think of that term:
Gas-fired capacity increases 16% by 2040 but gas plants will increasingly act more as a source of flexible generation needed to meet peaks and provide system stability rather than as a replacement for ‘baseload’ coal. In North America, however, where gas is plentiful and cheap, it plays a more central role, especially in the near term.