A surge in power from wind, solar and other renewable sources will begin chipping away at natural gas demand growth in the Americas over the next five years, according to the International Energy Agency.
The region’s gas consumption will climb just 0.9 percent per year from 2016 through 2022, compared with 2.2 percent annually over the previous six-year period, the agency said in a report released July 13. Rising gas prices and a slowdown in coal plant retirements will also limit demand for the fuel, the IEA said.
A boom in cheaper energy from wind farms and solar arrays ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.