Global renewables output to rival coal by 2035, says IEA

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Renewable energy is set to rival coal as the main generator of the world’s electricity by 2035, as the cost of technology falls and subsidies rise, the International Energy Agency (IEA) predicts.
 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.

“A rapid expansion of wind and solar power, and a steady increase in hydropower has cemented the position of renewables as an indispensable part of the global energy mix,” the IEA says.

“The rapid increase in renewables is underpinned by falling technology costs, rising fossil-fuel prices and carbon pricing, but mainly by continued subsidies,” it adds.