Morgan Stanley Report Forecasts Renewable Energy Will Replace Coal by 2033
A report by Morgan Stanley published last month predicts that by 2033, coal-fired power plants will be replaced by renewable energy. The American multinational investment management and financial services firm helps mobilize capital to help corporations, governments, institutions and individuals around the globe achieve their financial goals. The article states that renewable energy such as wind and solar power will provide almost 40% of electricity in America by 2030. This is expected to increase to 55% by 2035. Last year, coal-fired plants supplied roughly 20% of electricity in the United States. The Energy Information Administration expects that this will rise…