Getting power from the wind and the sun no longer seems like a hippie fantasy: Elon Musk is betting that solar power will be so profitable it will help fund space travel, and big tech companies like Apple and Google are buying in, too. Today most homes and businesses are still powered by fossil fuels, but in just a few decades — maybe even as little as 15 years — most energy could be coming from renewable sources.
An enormous new survey of industry experts shows how fast things are moving. Recently, DNV GL, an international energy consulting company, asked 1,600 people who actually work in the field — at equipment manufacturers, power producers, utilities, policy-making agencies, energy retailers, regulators, and equity investment firms — about the future of renewables. One of the main questions: How quickly will renewables be generating 70 percent of the energy in the markets you work with?
Almost half of the survey respondents said they could see that happening by 2030. And almost all of them — about 80 percent — thought renewables would dominate by 2050.
Here’s why they’re optimistic about renewable energy: