IEA: Fossil-Fuel Subsidies Restricting Renewable Energy Growth
IEA: Fossil-Fuel Subsidies Restricting Renewable Energy Growth
GALWAY, IRELAND--November 17, 2014 --Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland)--Fossil fuels will remain the dominant source of electricity to 2040, according to the International Energy Agency (IEA), but the high level of subsidies is holding back investment in renewable energy.
In its World Energy Outlook 2014 report, the IEA estimates that fossil fuels such as oil, gas and coal will supply 55% of electricity by 2040, down markedly from its 68% share in 2012.
Subscribe Now!(All Fields Required)
Related Articles
Articles related to this company
- Ukraine to Buy Nuclear Reactors from Bulgaria this Summer
- Lopsided Gains in Renewable Energy, IRENA Finds
- New York Sees Record Solar, Wind Generation as Another Offshore Windfarm Ga...
- Palisades Nuclear Restart, CPS Energy Purchase: Your Daily Energy News
- Global Market for Small Nuclear Projects Rockets