It's worth remembering that 20 years ago in 2005, renewables were just 1% of global electricity capacity. Interesting that coal will finally start declining, but gas hasn't yet. Even though coal power use will increase in the US, its decline in China & the EU is bigger, so coal declines overall.
The IEA forecast renewables to be 50% of global capacity by 2030, but they have always underestimated and been too conservative with predictions, so that may happen sooner. There are still huge economies-of-scale price decreases ahead for renewables. By 2030-35 as renewables approaches 80% will anybody be building new power plants of any other type?
The IEA says renewables, at 36% globally, will overtake coal and become the world's biggest source of electricity generation in 2026.
byu/lughnasadh inFuturology
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China alone added over 100GW the first four months of the year. To put that into perspective the second biggest producer, the US has built 300GW over the last several decades.
As the article mentions there seems to be more pessimism around renewable energy because of Trump pulling out of the Paris agreement but things have absolutely not slowed down since January. Its still growing dramatically. The industry is just moving on without Trump and the US.
And here in the US Trump will commit us to billions of dollars in stranded assets to benefit the oil bastards who supported his campaign. Great job America.