I attended the Symposium of the Texas Journal of Oil, Gas and Energy Law at UT last week. One of the speakers was Giji M. John, Partner at Orrik, Houston, on renewable energy. Here are some takeaways. (click on images to enlarge.)
Renewable energy’s contribution to US energy consumption in 2018 was 11%. Of that 11%, wind energy contributed 21% and solar 6%. Remarkably, “wood” was 19% of that 11%. So solar and wind combined contributed 27% of 11%, or less than 3%, of energy consumed in the US.
The US Energy Information Administration projects that world net electricity generation will grow from 25 trillion kilowatt hours in 2018 to 45 trillion kwh in 2050. Note that, although the contribution from solar and wind will increase dramatically, contribution from “all other fuels” (read hydrocarbons) will also increase.While energy consumption in the US is now flat, the US is by far the largest consumer of energy per capita in the world.