are forecast to spike
in 2020, accounting for
two-thirds of the new
power generation
capacity coming on line.
Experts from EIU forecast
energy consumption
from non-hydro renewables
to rise by +14% next year,
while oil-generated energy
would grow by just +1%.
But:
“Global energy supply
is still a long way from
being decarbonized,”
says Peter Kiernan,
chief energy analyst
at the EIU.
“The world will still depend
mainly on fossil fuels in 2020,
with rising use of natural gas
and oil more than compensating
for a slight decline for coal.”
Natural gas will lead growth,
among the fossil fuels,
with a +2.6 increase.
That growth will put gas
ahead of hydro power
plus nuclear energy.
Coal consumption
is expected to
go down slightly.
The Paris Climate Change
Agreement will use 2020
as the base year against
which the 2030 targets
will be measured.
Experts predict those targets
will be missed, particularly if
the United States goes ahead
with its plan to exit
the agreement.
“If Donald Trump wins
the presidential election
on 3rd November 2020,
then this exit will take effect
the next day. This will make
developing countries
less willing to sacrifice
economic growth
in order to cut emissions,”
the report says.