Climate Changed
The World Will Get Half Its Power From Wind, Solar by 2050
- Shift comes as electricity demand increases 62%, BNEF says
- The transition has sweeping implications for markets, climate
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Nearly half the world’s electricity will come from renewable energy by 2050 as costs of wind, solar and battery storage continue to plummet.
That titanic shift over the next three decades will come as electricity demand increases 62% and investors pump $13.3 trillion into new projects, according to a report released Tuesday by BloombergNEF.