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BP: Renewables to be the fastest growing energy class though 2030

By Erin Voegele | January 16, 2013

BP expects renewables to continue to be the fastest growing class of energy over the next several years. According to the BP Energy Outlook 2030 published Jan. 16, renewables will gain market share from a small base as they increase at an average of 7.6 percent a year through 2030.

Overall, BP estimates that renewable energy production will grow from 4 percent to 11 percent by 2030. “Including biofuels, renewables are expected to have a higher share of primary energy than nuclear by 2030,” said BP in a statement.

In the report, BP said that the transportation sector is expected to show the weakest growth, with demand for transportation fuels in some markets projected to decline. However, there is expected to be some diversification away from oil, with 13 percent of the fuel mix coming from biofuels, 16 percent from natural gas, and 2 percent from electricity.

With regard to renewable power, renewables are expected to contribute to 27 percent of the sector’s growth through 2030. The report does not provide a breakdown of different sources of renewables.

Renewable energy sources, including biofuels, are projected to reach a 6 percent share of global primary energy by 2030, an increase from 2 percent in 2011. According to BP, growth in renewables will initially be led by the E.U. However, the U.S. and China will take the lead from 2020 to 2030.

A full copy of the BP Energy Outlook 2030 is available on the BP website.

 

2 Responses

  1. PAUL FELIX SCHOTT

    2013-01-19

    1

    The Solar Industry to Skyrocket with the help of Solar Shingles. SOLAR ENERGY SOON WILL POWER ALL OF THE EARTH ELECTRIC HYBRID VEHICLES & ELECTRIC VEHICLES SOON TO OUT SELL ALL OTHERS Energy has driven the world for over a thousand years Wind, Hydro and Solar are the oldest forms of energy giving power to all smart enough to use it. In the last 200 years Coal, Oil and Nuclear has given energy to many worldwide and great power and wealth to only a few. At the cost of many lives in coal Mines, Oil Spills, Radiation, Cancer and Polluting the Air and Water on all of the Earth. Unfortunately for the wicked there is not an unlimited amount of oil on earth. Just the same as the Forest Trees that clean the air and make Oxygen we breath and all living on earth need to Live. As some in denial are not able to recognize or ever see or live with blinders on. Doctors and Drug ceo's have been making millions prescribing drugs to many that live near or by High polluted areas. From dirty energy that hurt breathing our lungs, water we drink and harm our children and all. That we all pay for. When all on earth need is Clean Air and Water, and Clean Cities. Now common sense would be for all to look for a Clean Fuel Source like Wind, Hydro, Geothermal and Solar. Renewable Energy is eliminating the need for Dirty Energy Worldwide at a record pace. With SOLAR ENERGY Clearly the front runner. To the fear of some of the richest people on Earth. They to surprisingly are doing something extraordinary investing in Solar Energy. After years of many of them trying to under mine it. Fuel that makes energy to ship goods, or make electric for homes and manufacturing. Can transform whole nations into prosperity and wealth or poverty and economic hardships for most all. Just as taxes on taxpayers has done. For over two thousand years. Making slaves of many to the wicked and unjust few. History Lesson Roman Empire, Persian Empire now OIL Empire oh sorry OPEC. The Freedom to get your own Power from the Wind and Sun, Solar Energy has been there for years. Are Libraries and Schools should have been the first to have gone Solar and Renewable Energy. And why are they not? Churches are all over the Planet. They are going to Solar Energy. Thank GOD for the Pioneers like John Schaeffer that Started Real Goods The first and Best catalog for Renewable Energy and Dr. Addison Bain one of NASA top Scientist and Scientist Bill Young at the FSEC Florida Solar Energy Center and Monica D. Key Lindbergh for many years wrote to legislators promoting Solar and Renewable Energy and many others. These Pioneers helped put Wind, Solar And Renewable Energy in the Spotlight for all the World to see. One of The Greatest Scientists ever Albert Einstein Stared it with a Dream that the day would come that all the World would use Solar Energy. His many years of work with the law of the "Photoelectric Effect", and showing this to the World won him the Nobel Prize in Physics. For the "Photoelectric Effect" Free Energy From the SUN in the heavens above. We still do not teach this to our young. Very soon Hybrid Vehicles and (EV's) Electric Vehicles will out number the ones that need oil and gas to go. With the ability to recharge them at home and work from the sun. Tesla Motors with its new Model S electric sedan, will be one of many the World will see soon. Honda, Nissan, Audi,VW, BMW and Volvo are just some of the Car Companies putting into production Electric Vehicles a EV, and many more are and many are building Electric / Hybrid Vehicles. The DeLorean Motor Company will be putting into production by 2013 a DMC-EV Electric DeLorean, that will have a body and power plant that will last you a life time. Just think you can recharge them at home and work free from the sun Solar Energy. The Lord's Little Helper Paul Felix Schott Now to own a car that will never rust way and runs on the power from the sun that's the one for me. Very soon most all on earth will be able to get energy by recharging from the sun and wind. Cities that want to be Clean clean-cities.org many of them are putting in recharging stations in their heart of their downtown of their city all over the Planet Earth. Many Thanks mostly to Scientist Bill Young and his team at FSEC for their many years of work at this.. GOD Bless You Professor Takashi Ohira and your team for the good work they are doing. To promote Clean Cities with Clean Transportation that will let some drive all day without having to stop to recharge. As Neil Armstrong would say one small step for man, one giant leap for mankind. Just one step closer to the World being powered be the Sun Solar Energy. Going Solar Germany, Denmark, Australia, Sweden, Norway, India, Nepal, Ttbet and Israeli clearly a leader in Solar companies and Renewable Energy is helping many World Wide and a long list of Nations Going Solar even Iran with its Archimedes Tower. At its Shiraz Solar Power Plant Iran and all the Oil Nations on Earth know the World is going to SOLAR Energy. Going Geothermal Iceland, Philippines, Kenya.....and more then 50 other Countries. Wind Energy in use More then 75 Countries Albert Einstein's Dream coming true The Earth Powered By SOLAR ENERGY. GOD Bless all that Spot Light and use Solar Energy

  2. Ofelia

    2013-02-02

    2

    Undeniably consider that which you said. Your fivtraoe reason seemed to be on the net the easiest thing to understand of. I say to you, I certainly get annoyed while people consider concerns that they plainly do not realize about. You managed to hit the nail upon the top and also defined out the entire thing with no need side effect , other folks could take a signal. Will probably be back to get more. Thank you!

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