President Donald Trump can forget reviving America’s fossil fuel sector, because the future belongs to renewable energy titans like Tesla’s Elon Musk. According to a new report, there may not be any growth in oil and coal use worldwide after the year 2020.
This contrasts with Trump’s vision of a revived coal, oil and gas sector in the U.S., which was central to his electoral victory in states such as Ohio, Kentucky, Indiana and West Virginia.
The report, co-authored by the Grantham Institute at Imperial College London and the Carbon Tracker Initiative, found that solar and wind power plus electric vehicles will each experience explosive growth in the coming decades, to the point where electric vehicles alone could slash global oil use per day by 2 million barrels by 2025. This may rise to 25 million barrels per day by 2050, the report states. Read more…
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Originally syndicated from New energy forecast has good news for Elon Musk, but spells trouble for Trump
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