JOURNAL ARTICLE

Fossil-Fuel Demand for Electricity May Have Peaked Globally.

  • Published In: Bloomberg.com, 2023. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Rocha, Priscila Azevedo 3 of 3

Abstract

(Bloomberg) -- The exponential growth of renewable energy is pushing down global electricity prices and helping remove so much carbon from power systems that fossil fuels are no longer economical, and their use has peaked, according to a report. "Fossil-fuel demand in the electricity system, specifically, has clearly peaked in 2022", Kingsmill Bond, senior principal at RMI, told reporters. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2023/07, pN.PAG
  • Document Type:Article
  • Subject Area:Power and Energy
  • Publication Date:2023
  • Accession Number:164900510
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