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According to the 2018 New Energy Outlook report released by Bloomberg New Energy Finance (BNEF), between 2018 and 2050, the world will invest $11.
5 trillion in new power generation capacity, of which $8.
4 trillion in wind and solar energy, and $1.
5 trillion in other zero-carbon technologies, such as hydropower and nuclear power
.
From 2018 to 2050, the world plans to invest 11.
5 trillion US dollars in new power generation capacity
BNEF predicts that by 2050, the world will get 50% of its electricity from wind and solar power, due to falling costs and the arrival of cheap batteries
.
Photovoltaic capacity will increase by 17 times, and wind power capacity will increase by 6 times
.
The levelized cost of electricity (LCOE) for new PV plants and onshore wind farms is expected to fall by 71% and 58%,
respectively, by 2050.
BNEF also predicts that lithium-ion battery prices will continue to decline as electric vehicle manufacturing continues to
boom.
According to Seb Henbest, the lead author of the outlook report, by 2050, $548 billion will be invested in battery energy storage, of which 2/3 will be spent at the grid level and 1/3 will support smart meters, etc
.
According to the report, coal's share of global power generation will fall from 38% to 11% by 2050 because it cannot compete with wind and solar in terms of bulk generation costs, and batteries and natural gas are more flexible
.
Gas-fired power generation is expected to grow by 15% between 2017 and 2050, but its share of global electricity has fallen from 21% to 15%.
By 2050, renewable energy penetration will reach 87% in Europe, 55% in the US, 62% in China, 75% in India, and in Australia, PV and batteries will account for 43%
of total electricity capacity.
The report further predicts that electric vehicles and electric buses will account for 9%
of global electricity demand by 2050.
BNEF predicts that emissions from the global power sector will rise by 2%, peak in 2027, and then decline by 38%
by 2050.
，
According to the 2018 New Energy Outlook report released by Bloomberg New Energy Finance (BNEF), between 2018 and 2050, the world will invest $11.
5 trillion in new power generation capacity, of which $8.
4 trillion in wind and solar energy, and $1.
5 trillion in other zero-carbon technologies, such as hydropower and nuclear power
.
From 2018 to 2050, the world plans to invest 11.
5 trillion US dollars in new power generation capacity
5 trillion US dollars in new power generation capacity
BNEF predicts that by 2050, the world will get 50% of its electricity from wind and solar power, due to falling costs and the arrival of cheap batteries
.
Photovoltaic capacity will increase by 17 times, and wind power capacity will increase by 6 times
.
The levelized cost of electricity (LCOE) for new PV plants and onshore wind farms is expected to fall by 71% and 58%,
respectively, by 2050.
BNEF also predicts that lithium-ion battery prices will continue to decline as electric vehicle manufacturing continues to
boom.
According to Seb Henbest, the lead author of the outlook report, by 2050, $548 billion will be invested in battery energy storage, of which 2/3 will be spent at the grid level and 1/3 will support smart meters, etc
.
According to the report, coal's share of global power generation will fall from 38% to 11% by 2050 because it cannot compete with wind and solar in terms of bulk generation costs, and batteries and natural gas are more flexible
.
Gas-fired power generation is expected to grow by 15% between 2017 and 2050, but its share of global electricity has fallen from 21% to 15%.
By 2050, renewable energy penetration will reach 87% in Europe, 55% in the US, 62% in China, 75% in India, and in Australia, PV and batteries will account for 43%
of total electricity capacity.
The report further predicts that electric vehicles and electric buses will account for 9%
of global electricity demand by 2050.
BNEF predicts that emissions from the global power sector will rise by 2%, peak in 2027, and then decline by 38%
by 2050.
，
