EIA: Renewables will outpace fossil fuels
Recent research from the U.S. Energy Information Administration (EIA) presents findings showing how evolving consumer preferences, improved technology, and economic changes are pushing the nation toward more domestic energy production, greater vehicle efficiency, greater use of clean energy and reduced energy imports.
The Annual Energy Outlook 2013 focuses on factors that shape U.S. energy markets through 2040, under the assumption that current laws and regulations remain generally unchanged throughout the projection period.
Some of the 2013 findings, as compared to 2012, project that industrial production will grow due to the initial competitive advantage of low natural gas prices; renewable fuel use will expand at a much faster rate than fossil fuel use; and, with improved energy-use efficiency and a shift away from the most carbon-intensive fuels, energy-related CO2 emissions will remain more than 5 percent below their 2005 level through 2040.
- see the report