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Nathaniel Bullard

Not All Fossil Fuels Are Going Extinct

Coal power's future grows dimmer, but natural gas is looking brighter than ever.
Falling, falling, falling.

Falling, falling, falling.

Photographer: Luke Sharrett/Bloomberg

Bloomberg New Energy Finance’s latest New Energy Outlook points the way to a sunny, windy future for the global electric power industry. That doesn’t mean that fossil fuels (or nuclear power) will vanish. It also doesn’t mean that all fossil fuels are the same. The future of natural gas and coal is a tale of two resources -- one a story of rising fortunes, the other of slow decline.

The latest outlook on natural gas is brighter than ever: BNEF's forecast for gas shows a higher estimate for consumption in 2040 than in previous years, with a short decline at the end of this decade.