Renewables to be the Primary Source of Energy by 2040 Surpassing Coal: BP Energy Outlook


Renewables to be the Primary Source of Energy by 2040 Surpassing Coal: BP Energy Outlook

Renewable energy is the fastest growing source of energy, accounting for around half of the increase in energy and is set to penetrate the global energy system more quickly than any fuel previously in history, according to BP Energy Outlook.

Energy Outlook considers the energy transition from three different perspectives, each of which helps to illuminate different aspects of the transition: the sectors in which energy is used; the regions in which it is consumed and produced, and the consumption and production of different fuels.

The report highlights how the transition to a lower-carbon energy system is opening up a wide range of business possibilities.

According to the report, there is a strong link between human progress and energy consumption. Read more

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