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IEA crowns renewables ‘new king’ of world electricity markets as oil demand will flatten by 2030

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Solar panels and wind turbines are pictured on a barren mountain at Shenjing Village, China.

Oil demand will plateau in 2030 and drop from there, helping clear room for solar energy to become the “new king” of electricity generation.

That’s the assessment in recent days from the International Energy Agency, which said in its 2020 world energy outlook that a solar-lead surge in renewable power will help fossil-fuel alternatives account for 80% of growth in global electricity generation in the next decade.

“I see solar becoming the new king of the world’s electricity markets,” IEA…



Source marketwatch.com

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