Renewables growth threatening fossil fuel demand

Analysts are becoming more bullish on the prospects for renewable energy, which could start to overtake fossil fuels sooner rather than later Analysts are becoming more bullish on the prospects for renewable energy, which could start to overtake fossil fuels sooner rather than later.
By Alessandro Vitelli 28 February 2017 0 24166
A ship engine fuelled by LNG. Analysts say the maritime sector is a major growth area for the fuel. (Rolls-Royce)

Experts are revising their predictions for renewables in light of the 2015 Paris agreement on climate change, and oil and gas producers are beginning to react.

Analysts are forecasting a terminal decline in coal consumption and are starting to sketch out when it will plateau – in some cases, they are predicting the same for oil and gas.

"Rapid improvements in competitiveness [...] mean that increases in renewables, together with nuclear and hydro energy, provide around half of the increase in global energy out to 2035," BP...

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