Wind, solar and hydro are forecast to become the second biggest power generators in 2015 and rise to almost one-third of all output in 2035, a level approaching that of coal, the Paris-based energy watchdog says in its annual outlook.
“The rapid increase in renewables is underpinned by falling technology costs, rising fossil-fuel prices and carbon prices, but mainly by continued subsidies,” says IEA executive director Maria van der Hoeven.
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