2050 – Thinking Port

EIA Releases 2050 Projections For Energy & Makes It Clear That It Hasn’t Been Paying Attention

February 18, 2020 admin 2050, clean power, climate change, Coal, EIA, energy information administration, Energy Storage, Fossil Fuels, green economy, grid, hydroelectric, investment, natural gas, nuclear energy, policy research, predictions, projections, research, Solar energy, United States, wind energy

Credit to Author: Michael Barnard| Date: Wed, 19 Feb 2020 04:00:36 +0000

It’s unclear why the EIA 2050 projections are so skewed from observable realities of costs, age of fleets, and global industry transformation. Like most major energy analysis organizations, they are very poor at predicting the rapidly declining costs of wind and solar, very poor at predicting the rapidity of growth of those technologies, and very poor at understanding that the existing technologies are fairly radically outcompeted