Growth in power demand increasingly decouples from GDP, however – we expect the intensity of electricity consumption per unit of GDP to fall by 27% over 2016-40.
Record new renewable-energy capacity added at a lower cost
A new report by UN Environment, the Frankfurt School-UNEP Collaborating Centre, and Bloomberg New Energy Finance, finds that all investments in renewables totaled $241.6 billion (excluding large hydro). These investments added 138.5 GW to global power capacity in 2016, up 8% from the 127.5 GW added the year before. Investment in renewables capacity was roughly double that in fossil fuel…
Electric vehicles could be 35% of global new car sales by 2040
The electric vehicle revolution could turn out to be more dramatic than governments and oil companies have yet realized.