A new report from BP projects world energy use for the next 20 years: decreased oil growth but more OPEC-dependent; increased coal, natural gas, and renewable usage; and a major growth in carbon emissions.
"From 2010 to 2030, the report says, renewable energy sources (solar, wind, geothermal and biofuels) will increase their contribution to energy growth from 5% to 18%. In contrast, coal and oil are likely to lose market share and natural gas is projected to be the fastest growing fossil fuel."
The increase in carbon emissions is alarming - noted by BP's CEO who calls it "a wake-up call".
From BP Press Release: Emerging Economies to Lead Energy Growth to 2030 and Renewables to Out-Grow Oil, Says BP Analysis:
"In BP's policy case 'global emissions peak just after 2020, but will still be 20% above 2005 levels. The emissions path is still expected to be well above the International Energy Agency's 450 Scenario, indicating how much more effort will be required after 2030 to put the world onto a ‘safe' path,'"
Thanks to Miles Heller
FULL STORY: BP: Renewable energy will outpace oil growth in 2030
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