The accelerating transition toward a low-carbon future promises a slow decline for gas-fired power generation in the years ahead as wind and solar continue to gain traction, propelled by low costs and mounting policy pressure for adoption. Receive daily email alerts, subscriber notes & personalize your experience. Register Now In 2020, natural gas accounted for a record 38% of total power generation in the US. By the early 2030s, its market share is now forecast to fall below 30%. Over the same decade-long period, total generation from wind and solar is expected to climb from just 11% in 2020, to more than 30% by 2030, according to a recently updated reference-case forecast from S&P Global Platts Analytics. In the 2030s and beyond, as the energy transition unfolds, the trajectory of individual gas-fired power plants will vary widely depending upon their location and the prevailing market and policy environment. For […]