Coal to Become Meaningless by Mid-Century

Coal to shrink to just 11% of global electricity generation by mid-century, from 38% now, as comparative costs shift heavily in favor of wind, solar and batteries

Wind and solar are set to surge to almost “50 by 50” – 50% of world generation by 2050 – on the back of precipitous reductions in cost, and the advent of cheaper and cheaper batteries that will enable electricity to be stored and discharged to meet shifts in demand and supply. Today, Bloomberg NEF (BNEF) published its annual long-term analysis of the future of the global electricity system – New Energy Outlook (NEO) 2018. The 150-page report draws on detailed research by a team of more than 65 analysts around the world, including sophisticated modeling of power systems... ... More: Official Press Release BNEF

Keywords:

BNEF, Bloomberg New Energy Finance, coal, wind, solar, energy, report, battery, storage