Signal Renewables share put at over 40% by 2040, up from 25%

Summary

The Megatrends 2040 report suggests the share of renewable energy sources could rise from 25% today to over 40% by 2040. It observes that global capacity across renewable technologies is growing significantly and that supportive policies continue to spread. The report adds that if every economically viable measure to improve renewable efficiency were pursued, total energy demand could be held at its current level for the next twenty years. This outlook contrasts with its warning that fossil fuel consumption is doubling every twenty years while reserves shrink. Renewables are thus presented as a key lever for easing resource scarcity in the energy sector.