Saturday, April 19, 2014

Just How Off Is EIA’s Renewable Energy Outlook?  How About 20+ Years?

Net Generation for All Sectors, Monthly (Credit: US EIA) Click to enlarge.
Is the US Energy Information Administration’s (EIA) forecast for the future of renewable energy in America wrong?  It’s an important question, considering policy decisions and private investments are often set by EIA guidance.

EIA’s “Annual Energy Outlook 2014” early release overview predicted renewables would supply only 16% of US electricity demand by 2040, but a new analysis of EIA’s own data finds the outlook is “almost certainly wrong.”

According to the Sun Day Campaign, renewables will make up a much larger percentage of America’s energy portfolio, much faster than EIA projects – roughly 20 years faster, in fact.

Just How Off Is EIA’s Renewable Energy Outlook?  How About 20+ Years?

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