The latest BP Energy Outlook 2035 predicts that renewables output, including biofuels, will grow by an average of 6.4% a year out to the middle of the 2030s.
Renewables will surpass nuclear in their share of primary energy production by 2025 and in power production three years later, added the BP report.
By 2035 renewables will account for 13% of global power generation against 5% now and “be showing little sign of approaching any limit to their market share,” said BP, which has already exited the solar sector and unsuccessfully tried to sell all of its US wind assets last year.
However,global
