Focusing on the electricity system, the New Energy Outlook (NEO) combines the expertise of over 65 in-house country and technology-level specialists in 12 countries to provide a unique assessment of the economic drivers and tipping points that will shape the sector to 2050. NEO 2018 sees $11.5 trillion being invested globally in new power generation capacity between 2018 and 2050, with $8.4 trillion of that going to wind and solar and a further $1.5 trillion to other zero-carbon technologies such as hydro and nuclear. Cheap renewable energy and batteries fundamentally reshape the electricity system, as we shift from two-thirds fossil fuels in 2017, to two-thirds renewable energy in 2050.
Bloomberg (accessed) 22nd July 2018 read more »
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