One-Third Of All Electricity Will Come From Renewables By 2030
. While barriers are specific and local, solutions are generic and global and will continue to overwhelm resistance to change. As a result, fast growth will lead to a tripling in solar and wind generation by 2030, while faster growth will mean a quadrupling in generation, to produce more than 14,000 terawatt-hours and overtake fossil fuel supply.
Meanwhile, fossil fuel demand for electricity will be in steep decline, the RMI analysis says. It foresees a decrease of up to 30% from the 2022 peak by 2030 as renewable electricity further out-competes hydrocarbons on cost.The RMI study finds that China and Europe are leading the way in rapidly adopting clean energy technology.
“Exponential growth of clean energy is an unstoppable force that will put more spending power in the pockets of consumers. The benefit of rapid renewable deployment is greater energy security and independence, plus long-term energy price deflation because this is a manufactured technology — the more you install the cheaper it gets,” said Kingsmill Bond, the head of RMI.
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