Falling costs put renewables on course to meet half of global power demand by 2050

Madeleine Cuff
clock • 2 min read

New analysis from Bloomberg New Energy Finance suggests just 29 per cent of global electricity production will be provided by fossil fuels by mid-century

The world's energy sector is on course to source half its power from wind and solar technologies by 2050, according to a major new outlook published yesterday by Bloomberg New Energy Finance (BNEF)...

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

How Ilika pivoted from materials discovery to building solid-state batteries

How Ilika pivoted from materials discovery to building solid-state batteries

Ilika CEO Graeme Purdy discusses the firm's 'asset-light' business model and developing solutions that are not just clever but also 'intensely practical and impactful'

Stuart Stone
clock 21 July 2025 • 4 min read
Global Briefing: Google and Brookfield partnership aims to deliver 3GW of US hydropower projects

Global Briefing: Google and Brookfield partnership aims to deliver 3GW of US hydropower projects

Plus India reaches clean energy milestone, Cargill and PepsiCo explore regenerative corn faming in the US, and businesses warn against ditching the EU Green Claims Directive

Michael Holder
clock 18 July 2025 • 6 min read
Heatwave warnings, solar records, and the zonal pricing fallout

Heatwave warnings, solar records, and the zonal pricing fallout

BusinessGreen Editor’s Briefing: July 2025 part two

BusinessGreen staff
clock 18 July 2025 • 2 min read