Renewables will be principal source of world power by 2040, BP says

Renewables will be the world’s principal source of power by 2040 and are penetrating world grids faster than any other energy source in history, O&G major BP has said. BP today published its outdated Energy Outlook for 2019, revising upwards its forecasts for the penetration of renewables out to 2040. Its Outlook, which establishes four potential scenarios based on various trends, argues that renewables are penetrating the world’s energy mix quicker than any other fuel source in history and, combined with gas, will account for 85% of growth in energy supply over the next two decades.