Analysts: Coal Generation Will Plummet More Than 70%

About half the world’s power will be generated by wind and solar resources by 2050. Generation from coal will drop more than 70% from today’s levels. That’s according to research from energy analysts published June 19 in the “New Energy Outlook 2018” (NEO) from Bloomberg New Energy Finance (BNEF).

The NEO report outlines information from more than 65 analysts researching energy worldwide, including country-by-country modeling of power systems along with the costs of different technologies.

The report says energy costs will continue to shift in favor of renewable generation, including wind, solar, and battery storage. The 2018 outlook is the first annual report from BNEF to look at the impact of falling battery costs on the global generation mix.

Published in Power Mag, 19th June, 2018