U.S. EIA outlook: Renewables will be the world's fastest-growing energy source

World energy consumption is projected to increase by 48% over the next three decades, led by strong increases in the developing world – especially in Asia, according to International Energy Outlook 2016 (IEO2016), released on May 11^th, 2016 by the U.S. Energy Information Administration (EIA).

Clean energy technologies play an important role in the outlook, with renewables expected to be the fastest-growing energy source.

“Developing Asia accounts for more than half of the projected increase in global energy use through 2040,” said EIA Administrator Adam Sieminski. “This increase will have a profound effect on the development of world energy markets.”

IEO2016 presents updated projections for world energy markets through 2040. Outside of the United States, projections are based on current laws, regulations, and announced policies, where such indicators have historically been reliable guides. For the United States, the projections are generally based on existing laws and regulations but do not include the effects of the recently finalized

U.S. Clean Power Plan shows increases in U.S. renewable consumption

Published EIA analysis of the proposed version of the Clean Power Plan (CPP) shows potential significant reductions in U.S. coal consumption and increases in U.S. renewable consumption.

IEO2016 projects renewables as the world's fastest-growing energy source – increasing by 2.6% per year through 2040 – but fossil fuels still supply more than three-quarters of world energy use.

source:http://www.solarserver.com