A new report by Bloomberg New Energy Finance takes a long-term look at the world’s energy production. According to the report, renewable energy, mostly in the form of solar and wind power, is set to provide close to 50% of the world’s energy by the year 2050.
Germany has continued to be the most aggressive adopter of renewable energy among large industrial nations. The country has the goal of shifting to 100% renewables by 2050. Its continuing embracing of solar and wind generation resources over the past decade has resulted in renewables supplying a third of the country’s power on average.
