RENEWABLE ENERGY

Renewables' blazing trail

THE significant momentum of electric vehicles and renewables will fail to make a dent from 2030-50 but renewables will still out-compete even the variable costs of existing fossil generation in many markets by 2030, McKinsey says.

 McKinsey predicts that every fifth car sold globally will be electric and not just in early adopter markets.

McKinsey predicts that every fifth car sold globally will be electric and not just in early adopter markets.

Combined with cheaper storage, this will enable high renewables penetration in many markets which will see renewables account for 80% of global net capacity additions of generation between now and 2050....

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A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

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