Renewable energy alternatives will become the largest sources of electricity in the next 10 years, new research suggests, as nations seek to diversify their energy resources to avoid future supply shocks, as seen with the closure of the Strait of Hormuz.
BloombergNEF released its annual energy outlook on Tuesday, forecasting that if countries continue on the current path of deploying clean energy technologies such as wind and solar, the world will reduce its dependence on fossil fuels.
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