04-29-2017, 02:20 AM
After more than four decades of relying on subsidies, Denmark’s renewable energy industry is ready to survive on its own much sooner than anyone expected. The Danish energy minister, Lars Christian Lilleholt, says that “in just a few years,” renewable energy providers won’t need state support anymore. He says it’s a development he couldn’t have imagined as recently as last year. “We’re now very close to arriving,” he said in an interview in Copenhagen on Monday, after receiving a set of recommendations from a government-appointed panel on Denmark’s energy future.
Denmark Preparing to End Renewable Energy Subsidies: ‘We’re Now Very Close’ | Greentech Media
Amazing stuff, weren't these alternatives supposed to run on subsidies forever..
Useful charts on the future of energy demand here:
China will remain the number one energy consumer in 2035. The transport sector will sustain oil demand growth and China will still be the world's second largest consumer of oil, after the US, in 2035. Its rate of demand growth, though, is slowing, while others speed up. India has the fastest growing energy demand, increasing at an annual average of 3 percent from now to 2035, by which time the country's population will outpace even China's. Renewables will surge from 22 percent to 54 percent of total installed capacity, while oil consumption rises 80 percent.
Coal Down, Renewables Up, India on the Rise in 2035 Energy Outlook | Greentech Media