Friday, 30 June 2017
By Joseba Barandiaran, Yalina Crispin, Enestor Dos Santos, Fabián Mauricio García, Seda Guler, Betty Huang, Nathaniel Karp, Jorge Alberto Lamela, María Fernanda Medina, Marcial Nava, Gizem Onen, Waldo Riveras, Arnulfo Rodríguez
The use of fossil fuels in electricity production is being eroded by the rapid expansion of clean energy.
Our analysis of the 11 countries in which BBVA has a significant presence, plus China and Brazil, points to a promising future for wind power. Although the wind energy industry still accounts for a small fraction of global electricity generation (4 percent.) Improving turbine efficiency could take this share up to 20 percent by 2040.
As the U.S. energy mix is shifting away from coal, there is wide consensus that natural gas is a bridge fuel towards renewables, given its ability to meet climate objectives and energy needs.
Harvey will be remembered as one of the most destructive storms in U.S. history.