According to Bloomberg’s renewable energy research team, Bloomberg New Energy Finance (BNEF), 70 percent of the power generation the world will add between now and 2030 will most likely be renewable.
That would mean $630 billion in new renewable capacity investments in 2030 alone — over three times what was built in 2012, and 35 percent higher than what BNEF predicted for 2030 a year ago. So not only does renewable energy’s future look formidable, it’s looking more formidable every year we project it....
"This 2030 investment figure is 35 percent higher than that produced in Bloomberg New Energy Finance’s last global forecast a year ago, and the projection for total installed renewable energy capacity by that date is 25 percent higher than in that previous forecast, at 3,500GW."Cimate Progress
Bloomberg Study: 70 Percent Of New Global Power Capacity Added Through 2030 Will be Renewable
Jeff Spross
Asumes fusion will not be online in 2030. That seems reasonable, even if a breakthrough is made before then. Then the problem will be scaling.
"According to Bloomberg’s renewable energy research team, Bloomberg New Energy Finance (BNEF), 70 percent of the power generation the world will add between now and 2030 will most likely be renewable.
ReplyDelete"That would mean $630 billion in new renewable capacity investments in 2030 alone — over three times what was built in 2012, and 35 percent higher than what BNEF predicted for 2030 a year ago. So not only does renewable energy’s future look formidable, it’s looking more formidable every year we project it."
That variability does not exactly inspire confidence in their projections.
Bill, cost is dropping quickly with economies of scale and innovation. The ROW gets it. Only the US doesn't due to the FUD sewn by vested interests.
ReplyDeleteOh, I don't mean that cost isn't dropping quickly. I just mean that the projections are optimistically far into the future. The error term has to be huge.
ReplyDelete