Renewables to Overtake Coal as World's Largest Power Source, Says IEAQuicklink submitted By Rob Kall Permalink
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The International Energy Agency’s (IEA) latest report found that “in advance of the critical COP21 climate summit in Paris, there’s a clear sign that an energy transition is underway.” The World Energy Outlook 2015 report, published today, found that “renewables contributed almost half of the world’s new power generation capacity in 2014 and have already become the second-largest source of electricity (after coal).”
IEA: Cost of extracting fossil fuels rises, cost of renewables falls https://t.co/4B61G15vG9 #WEO2015 https://t.co/euVXtCcvH8 at https://t.co/4B61G15vG9— Energydesk (@Energydesk) November 10, 2015
More than 150 countries have submitted climate pledges ahead of the Paris climate talks, and they are “rich in commitments on renewables and energy efficiency,” says the IEA. The report also found renewables are set to become “the leading source of new energy supply from now to 2040.” And renewables will overtake coal as the largest source of electricity generation by the 2030s.