Renewable energy production will more than double by 2035 even without federal tax credits, says the Energy Information Agency (EIA) in its “Annual Energy Outlook 2012.”
To develop its projections, EIA bases assumptions on the laws, reguations and trends in place today. Based on economic recovery and increasing energy efficiency, it expects energy demand in transportation to grow 0.2% a year between 2010- 2035, and electricity demand to grow 0.8% a year. Energy consumption per capita will decline 0.5% a year.
The energy intensity of the U.S. economy, measured as energy use per dollar of gross domestic product, declines 42% from 2010 – 2035.
Read more at:http://www.sustainablebusiness.com/index.cfm/go/news.display/id/23473