According to a new report from the U.S. Energy Information Administration, coal will still be the top energy provider in 2040. Although renewables and nuclear are growing at the fastest rates in electricity, the EIA predicts coal will still be top.
“EIA’s forecast shows non-hydropower renewables as still just a small piece of the electricity generation mix in 2020, with coal still trailed by natural gas. Nearly 80 percent of the world’s energy use, for both transportation and electricity, will be fossil fuels through 2040.”
Read more about the report at GreenTechMedia.com.
The U.S. Energy Information Administration released a report stating that extending current energy policies could reduce annual carbon dioxide emissions in the U.S.
“Policies that would need to be extended to achieve the reduction include the production tax credit for wind, biomass, geothermal, and other renewable resources and the investment tax credit for solar generation technologies.”
If the policies were extended, EIA projects that the cumulative amount of energy use between 2013 and 2040 would be about 55 quadrillion Btu lower.
Source: Power Engineering
By Gaylen Davenport
A new study from the U.S. Energy Information Administration (EIA) found that increased energy efficiency will contribute to a slowing of the annual growth rate of U.S. energy consumption for the next 20 years (which averages out to about 0.3 percent annually).
The report laid out 30 different cases of how U.S. energy consumption will change through 2035. The most likely scenario references how energy generated by grow between 10-15 percent during that time.
More importantly, the report cited existing federal and state energy requirements and incentives as playing a continuing role in more efficient technologies. Further reductions could happen with the help of new federal and state policies as well.
If the report is accurate, more and more businesses and commercial building owners will benefit from the change. Our list of clients are already seeing savings on their lighting upgrades, see if your business is qualified by scheduling a facility review today.
The complete report can be read online.
Source: U.S. Energy Information Administration