BP Energy Outlook forecasts five-fold growth in renewables

Madeleine Cuff
clock • 4 min read

Renewables by far the fastest-growing fuel source over next two decades, according to oil giant, although it expects fossil fuels to still play major role

Renewables are set to be the fastest-growing fuel source through to 2040, according to BP's latest Energy Outlook, jumping five-fold to meet around 14 per cent of the world's primary energy consumption....

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Energy

Study: Smart heat pump trial sees homes slash electricity use by a third

Study: Smart heat pump trial sees homes slash electricity use by a third

EXCLUSIVE: OVO and Nesta trial of 58 London homes fitted with smart, automated heat pumps achieves significant reduction in electricity use and energy bills

Michael Holder
clock 24 October 2025 • 3 min read
How the government can maximise benefits for UK communities through the Local Power Plan

How the government can maximise benefits for UK communities through the Local Power Plan

Partner Insight: Ahead of the publication of the Local Power Plan, Stew Horne - group head of sector intelligence & external affairs at the Energy Saving Trust - sets out how the government can ensure communities across the UK reap the benefits of clean...

Stew Horne, Energy Saving Trust
clock 23 October 2025 • 6 min read
Fatih Birol: Age of electricity is here, but dark geopolitical shadow looms over energy sector

Fatih Birol: Age of electricity is here, but dark geopolitical shadow looms over energy sector

IEA executive director reflects on the emergence of electricity as the world's 'dominant energy source', even as the consensus on climate action comes under fire

Stuart Stone
clock 23 October 2025 • 4 min read