Renewable power generation is set to more than double its share in America’s electricity to 44 percent in 2050 from 21 percent now, as wind and solar installations are expected to surge, the U.S. Energy Information Administration (EIA) said on Friday. Power generation from fossil fuels, on the other hand, is expected to decline from 60 percent in 2021 to 44 percent in 2050, according to EIA’s estimates in the Reference case of its Annual Energy Outlook 2022 (AEO2022), which assumes current laws and regulations. The key drivers of the decline in fossil fuel power generation will be slower growth of natural gas-fired generation and the continued retirement of coal-fired power generators. By 2050, natural gas-fired generation is set to increase in absolute terms, but the share of natural gas in the U.S. power generation mix will fall from 37 percent in 2021 to 34 percent in 2050, the […]