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    Home > Chemicals Industry > International Chemical > From 2018 to 2050, the world plans to invest 11.5 trillion US dollars in new power generation capacity

    From 2018 to 2050, the world plans to invest 11.5 trillion US dollars in new power generation capacity

    • Last Update: 2022-12-27
    • Source: Internet
    • Author: User
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    According to the 2018 New Energy Outlook report released by Bloomberg New Energy Finance (BNEF), between 2018 and 2050, the world will invest $11.
    5 trillion in new power generation capacity, of which $8.
    4 trillion in wind and solar energy, and $1.
    5 trillion in other zero-carbon technologies, such as hydropower and nuclear power
    .

    From 2018 to 2050, the world plans to invest 11.
    5 trillion US dollars in new power generation capacity

    BNEF predicts that by 2050, the world will get 50% of its electricity from wind and solar power, due to falling costs and the arrival of cheap batteries
    .
    Photovoltaic capacity will increase by 17 times, and wind power capacity will increase by 6 times
    .
    The levelized cost of electricity (LCOE) for new PV plants and onshore wind farms is expected to fall by 71% and 58%,
    respectively, by 2050.

    BNEF also predicts that lithium-ion battery prices will continue to decline as electric vehicle manufacturing continues to
    boom.
    According to Seb Henbest, the lead author of the outlook report, by 2050, $548 billion will be invested in battery energy storage, of which 2/3 will be spent at the grid level and 1/3 will support smart meters, etc
    .

    According to the report, coal's share of global power generation will fall from 38% to 11% by 2050 because it cannot compete with wind and solar in terms of bulk generation costs, and batteries and natural gas are more flexible
    .

    Gas-fired power generation is expected to grow by 15% between 2017 and 2050, but its share of global electricity has fallen from 21% to 15%.

    By 2050, renewable energy penetration will reach 87% in Europe, 55% in the US, 62% in China, 75% in India, and in Australia, PV and batteries will account for 43%
    of total electricity capacity.

    The report further predicts that electric vehicles and electric buses will account for 9%
    of global electricity demand by 2050.

    BNEF predicts that emissions from the global power sector will rise by 2%, peak in 2027, and then decline by 38%
    by 2050.

    According to the 2018 New Energy Outlook report released by Bloomberg New Energy Finance (BNEF), between 2018 and 2050, the world will invest $11.
    5 trillion in new power generation capacity, of which $8.
    4 trillion in wind and solar energy, and $1.
    5 trillion in other zero-carbon technologies, such as hydropower and nuclear power
    .

    Power generation capacity

    From 2018 to 2050, the world plans to invest 11.
    5 trillion US dollars in new power generation capacity

    From 2018 to 2050, the world plans to invest 11.
    5 trillion US dollars in new power generation capacity

    BNEF predicts that by 2050, the world will get 50% of its electricity from wind and solar power, due to falling costs and the arrival of cheap batteries
    .
    Photovoltaic capacity will increase by 17 times, and wind power capacity will increase by 6 times
    .
    The levelized cost of electricity (LCOE) for new PV plants and onshore wind farms is expected to fall by 71% and 58%,
    respectively, by 2050.

    BNEF also predicts that lithium-ion battery prices will continue to decline as electric vehicle manufacturing continues to
    boom.
    According to Seb Henbest, the lead author of the outlook report, by 2050, $548 billion will be invested in battery energy storage, of which 2/3 will be spent at the grid level and 1/3 will support smart meters, etc
    .

    According to the report, coal's share of global power generation will fall from 38% to 11% by 2050 because it cannot compete with wind and solar in terms of bulk generation costs, and batteries and natural gas are more flexible
    .

    Gas-fired power generation is expected to grow by 15% between 2017 and 2050, but its share of global electricity has fallen from 21% to 15%.

    By 2050, renewable energy penetration will reach 87% in Europe, 55% in the US, 62% in China, 75% in India, and in Australia, PV and batteries will account for 43%
    of total electricity capacity.

    The report further predicts that electric vehicles and electric buses will account for 9%
    of global electricity demand by 2050.

    BNEF predicts that emissions from the global power sector will rise by 2%, peak in 2027, and then decline by 38%
    by 2050.

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