EIA: Renewables, Nuclear Power Will Be World's Fastest-Growing Energy Sources

Posted by weijing3333 on June 16th, 2015

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Of the 5.4 trillion kilowatt-hours of new renewable generation predicted to be added over the projection period, 52% will be hydroelectric power and 28% will be wind.According to the report, electricity generation from nuclear power worldwide will  increase from 2.6 trillion kilowatt-hours in 2010 to 5.5 trillion kilowatt-hours in 2040, as concerns about energy security and greenhouse gas emissions support the development of new nuclear generating capacity.Global natural gas consumption will grow by 1.7% per year, the report says. Increasing supplies of tight gas, shale gas and coalbed methane support growth in projected worldwide gas use.

The report says coal will grow faster than liquid fuels consumption until after 2030, due to increases in China's consumption of coal and tepid growth in liquid fuels demand attributed to slow growth in Organization for Economic Cooperation and Development (OECD) member countries and high sustained oil prices.In addition, the report says world energy consumption will increase 56% by 2040, with half of the rise attributed to China and India. World energy consumption will increase from 524 quadrillion Btu in 2010 to 820 quadrillion Btu in 2040.

SolarWorld says many of about 50 of its workers who will lose their jobs this summer will be eligible for federal "trade-adjustment" assistance because the U.S. Department of Labor has determined that Chinese solar panel imports were a cause of their impending layoffs.Some reports have placed the total number of employees SolarWorld plans to lay off at 100.Many of those laid off, most of whom work at SolarWorld's silicon and wafer factory in Hillsboro, Ore., will be able to tap benefits such as job placement assistance; expenses for job searches, relocation and retraining; income support during full-time retraining; and tax credits for health-insurance premiums, the company says.

SolarWorld says it is idling the crystallization and wafering departments in Hillsboro because China’s sustained solar import dumping on the U.S. market means the company can no longer continue to produce solar wafers there using conventional crystallization methods. Without dumping and subsidies, the company says, China has no cost advantage over U.S. manufacturers on wafers or any other aspect of solar production.SolarWorld has been vocal about the need for the U.S. and European Union governments to enact anti-dumping tariffs on China. Some analysts have said such measures would not actually help keep solar factories open in the West.
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