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When do you expect that fossil fuel/nonrenewable energy production will decrease and green energy production increase?

Key Words:

fossil fuel, nonrenewable energy production, green energy production, fossil fuel reserves, usable energy, true life-cycle costs, nuclear fuel, renewable energy production


Over the next decade, we project that renewable energy resources will have established themselves in both on-grid and off-grid applications. While coal and natural gas have several centuries of projected supply, the liquid fossil fuel reserves are expected to peak and diminish in our lifetimes.

The demand for energy is expected to triple by 2050 as population grows to approximately nine billion people (9,000,000,000). Generation capacity must be developed at an unprecedented pace to meet this demand.

According to numerous studies, the world receives thousands of times more energy every day from the sun than we could ever use. Wind power potential could meet all human needs fourfold — and wind technology has recently become cost competitive with coal-fired baseload power. We don't have to worry about running out of renewable energy.

Renewable electricity production is currently growing at 20-30% annually, and the share of total production will grow as production costs decrease and government policies reflect the true life-cycle costs of fossil and nuclear fuel.

The growth rate of fossil fuel electricity production has slowed to 1-2% annually. The market will shift as government policies, adequate investment and reduced production costs make renewable energy resources competitive with fossil and nuclear power.

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