By 2050, renewables will supply 87% of electricity in Europe, 55% in the U.S., 62% in China and 75% in India. Fossil fuels are facing unprecedented challenges as the cost of renewables trends down often at double-digit rates while grid and local battery capacity ramps up to handle demand supply.
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BNEF New Energy Outlook is our annual long-term economic forecast of the world’s power sector.

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