EnergyWatch

IEA: Renewables and gas are big winners of the future

The era of fossil fuels is far from over. But major progress in renewables puts wind and solar power as the big winners alongside gas in the next 25 years, according to the International Energy Agency in a new report.

There are two big winners in the global energy system of the next 25 years: natural gas and renewable powers sun and wind, writes the International Energy Agency in its latest World Energy Outlook 2016.

The report concludes that in 2040, renewable energy will generate 37 percent of global electricity, up from 23 percent, while there will be a 50 percent increase in the demand for natural gas. According to the IEA, these two winners will replace coal, the energy leader of the past 25 years.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Siemens Gamesa's deep financial woes are halfway self-inflicted

Despite successfully forwarding the external costs to customers, onshore wind projects valued at EUR 2bn are being delivered at zero-profit margins in the years to come, according to the turbine maker’s CEO. Here and there, things might have moved a bit too fast.

Further reading

Related articles

Latest News

See all jobs