RAPID SOLAR AND WIND GROWTH CALLS TIME ON THE FOSSIL FUEL ERA
Fossil fuel demand has peaked in the electricity sector.
- Fossil fuel demand has peaked in the electricity sector.
- As solar and wind advance further up the S-curve, their electricity generation will increase at least threefold by the end of the decade, meaning that by 2030, fossil fuel demand will clearly be in decline.
- Meanwhile, China is on track to reach its 2030 solar and wind deployment targets by 2025, meaning the peak there is also near.
- The full report detailing the data and evidence showing peak fossil fuel demand in the electricity sector will be available at rmi.org on January 19th.