BP Sees Renewables Outpacing Fossil Fuels, Eclipsing Nuclear
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Renewables will continue to be the fastest-growing energy source, supplying a bigger share of the world’s needs than nuclear by 2025, according to BP Plc.
Sources such as wind and solar will increase at an average of 6.4 percent a year to 2035, compared with natural gas, the fastest-growing fossil fuel, at 1.9 percent, BP said today in its Energy Outlook 2035. Renewables will produce 14 percent of the world’s power by that year from 5 percent in 2012, bolstered by growth from the poorer nations outside the Organization for Economic Cooperation and Development.