06/28/2016
#EIA Updated Annual Energy Outlook (#AEO) Projects More Renewables, Less Coal
The Energy Information Administration’s AEO 2016 Extended Policies case assumes that the value of tax credits for eligible #renewable electricity generation sources as of 2016 is extended through 2040, and that the stringency of the Clean Power Plan #CPP increases from 2030–40, requiring emissions in 2040 to be 45% below the 2005 total. As a result, #coal-fired generation declines to 779 billion kWh in 2040 in the Extended Policies case, compared with 919 billion kWh in the Reference case.
Generation from oil and natural gas in 2040 also is lower in the Extended Policies case, at 1,686 billion kWh, compared with 1,952 billion kWh in the Reference case. Generation from renewable technologies in 2040 is higher in the Extended Policies case, at 1,663 billion kWh, than in the Reference case (1,374 billion kWh), and nuclear power generation is virtually the same in the two cases.
Access the EIA Extended Policies report:
http://www.eia.gov/forecasts/aeo/section_issues.cfm#policies
Energy Information Administration - EIA - Official Energy Statistics from the U.S. Government