Excerpted from INSIDE CLIMATE NEWS - “INSIDE CLEAN ENERGY “
By Dan Gearino, January 19, 2023
A new government report projects that wind, solar and other renewable sources will exceed one-fourth of the country’s electricity generation for the first time, in 2024. Based in the federal government’s Short Term Energy Outlook, a monthly report whose new edition is the first to include a forecast for 2024, authors in the Energy Information Administration (EIA) expect renewables to increase in market share, while natural gas and coal would both decrease.
From 2023 to 2024, renewables would rise from 24 percent to 26 percent of U.S. electricity generation; coal’s share would drop from 18 percent to 17 percent; gas would remain the leader but drop from 38 percent to 37 percent; and nuclear would be unchanged at 19 percent.
The growth in renewable energy is coming with wind responsible for about one-third of the growth and solar accounting for two-thirds. Other renewable sources, like hydropower and biomass, would be flat. In fact, the growth of wind and solar is projected to be so swift that the combination of just those two sources would be 18 percent vs. coal’s 17 percent of the U.S. total by 2024.