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Renewables to overtake coal as largest global electricity source in 2025

Teslarati

During the COP28 climate conference held in Dubai last month, world leaders from over 130 national governments agreed to set a goal to triple world renewable energy installations by 2030. Success in meeting the tripling goal will hinge on this.”

Coal 122
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Renewables have overtaken fossil fuel as Italy’s main power source

Teslarati

According to a statement last week from Italy’s grid operator, renewable energy overtook fossil fuels as the lead source of electricity generation in the first six months of the year. percent during the same period in 2023, while fossil fuels saw a 19-percent decrease year over year, and coal production dropped steeply by 77.3

Renewable 137
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Bloomberg NEF forecasts falling battery prices enabling surge in wind and solar to 50% of global generation by 2050

Green Car Congress

This year’s outlook is the first to highlight the significant impact that falling battery costs will have on the electricity mix over the coming decades. This year’s outlook is the first to highlight the significant impact that falling battery costs will have on the electricity mix over the coming decades.

Wind 220
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3 Oil Majors That Bet Big On Renewables

Green Car Congress

Despite the much-vaunted megatrend involving the global electrification drive and shift to renewable energy , the most ambitious pledges by Big Oil to pursue net-zero agendas remain weak at best. Yet, its natural gas output will still comprise 85% of its total production by the end of the forecast period. 1 Equinor.

Oil 418
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BNEF: Net-zero transition potentially a $3.5T investment opportunity for Indonesia

Green Car Congress

Both scenarios expect that growth in electricity demand can primarily be met by deployment of renewables such as solar, due to their falling costs. Today, coal-fired plants meet more than 60% of Indonesia’s power demand. Under the ETS, coal’s share rises to a peak of 74% by 2027 and then declines to 24% in 2050.

Indonesia 195
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Renewables now make up 30% of US power capacity – FERC

Baua Electric

Photo: Openverse Renewables – solar, wind, biomass, geothermal, hydropower – are now 30% of total US electrical generating capacity, according to analysis of FERC’s mid-year data. FERC says renewables were 99% of new generating capacity in June and 91% in H1 2024. rooftop) systems that isn’t reflected in FERC’s renewables data.

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ICCT LCA study finds only battery and hydrogen fuel-cell EVs have potential to be very low-GHG passenger vehicle pathways

Green Car Congress

The results show there is no realistic pathway to full decarbonization of internal combustion engine vehicles, and that only battery and hydrogen fuel-cell EVs have potential to be very low-GHG passenger vehicle pathways. This study uses recent data on industrial-scale battery production and considers regional battery supply chains.

Hydrogen 418