EIA: Renewables, Nuclear Expected to be Strongest Growing Global Fuel Sources Through 2040
SUGAR LAND--September 15, 2017--Researched by Industrial Info Resources (Sugar Land, Texas)--In its recent International Energy Outlook, the U.S. Energy Information Administration (EIA) forecasts that renewables and nuclear energy are expected to express the dominant growth throughout the world through 2040. While the growth of these non-fossil-fueled industries is expected to be strongest, the agency predicts that in 2040, fossil fuels will still account for 77% of energy consumption, with coal remaining flat while natural gas consumption rises. The agency predicts that by 2040, generation from renewable energy sources will surpass generation from coal on a global basis.
Within this article: Details of the EIA's report and related U.S. projects
Companies featured: Dominion Energy (NYSE:D), TransCanada Corporation (NYSE:TRP)
