The growth of renewable energy may accelerate the decline of fossil fuels
In 2019, the use of fossil fuels such as coal and oil for power generation in the United States, the European Union and India declined, while total power generation price of solar batteries increased. This was a turning point in the global energy structure.
These countries and regions are three of the world's four largest fossil fuel power generation sites. Thomas Kaberg, an energy professor at Chalmers University of Technology in Sweden, who provided Reuters with electricity generation data, said this decline indicates that the end of the fossil fuel era may be coming.
Kaberg is also the chairman of the executive board of the Japanese Renewable Energy Research Institute and a member of the board of the Swedish utility company Vattenfall AB. The data he provided covers more than 70% of the world's power generation, which shows the power generation for most of 2019 Energy from fossil fuels dropped by 156 TWh from the previous year. This is equivalent to the total electricity output of Argentina in 2018.
The data also showed that the growth rate of renewable energy power generation exceeded the growth rate of total power generation for the first time, from 233 TWh of total power generation to 297 TWh.
Kaberg said: "Low-cost renewable energy power has won the competition with fossil energy and nuclear power plants, driving this trend."
He said that as the use of electric vehicles soars and renewable electricity supplies increasingly charge batteries, the decline of fossil fuels may accelerate.
Kaberg said: "The unit energy cost of new renewable energy power generation is even lower than that of petroleum, and even the fuel produced by power generation will exceed fossil fuels at an ever faster rate in transportation, heating and industry."
Latest posts
-
10kw Home Solar System-Trinidad and TobagoAre you tired of constantly worrying about rising electricity bills ? Look no further! Our solar power systems are the perfect solution for you. Just ask our satisfied customer from Trinidad and Tobago, who recently purcDo you like ?0
Read more -
Village in the mountains with solar system“We have to go back and forth several hundred meters to fetch water from the mountain every day,” a villager told us. "Our village has been living in the mountains for generations. Travel is not that convenient, and water and electricityDo you like ?0
Read more -
100KW Commercial Solar Power Will Be Soon In Nigeria HotelDavid, a Nigerian resident living in Guangzhou, China, has become a true "China expert" after spending 20 years in the country. His family in Nigeria operates 15 hotels, and David is responsible for procuDo you like ?0
Read more -
Let factories use electricity for freeThe Philippines has abundant sunshine, and the solar system can start generating electricity at 6.30 in the morning and stop generating electricity at around 17.30 in the afternoon. The peak power generation is between 10.00 and 15.00. A cusDo you like ?0
Read more -
5KW Off-grid Solar Setup In Congo HospitalWith Mars solar off-grid solar setup, a hospital from democratic republic of the Congo now harnessing the power of the sun to run medical appliances. Here are some highlights of Mars off-grid solar system's funDo you like ?0
Read more -
Mars Half-Cell Solar Panel Vs Another Half-Cell Solar PanelTOPCon half-cell solar panels have the following features: 1. High efficiency: TOPCon’s silicon wafer efficiency can reach up to 25.2%, which is 2% higher than other solar panels. It is expected that by the second half of 2023, TOPCon can reach 26Do you like ?0
Read more
Search
News
Hot Product
