In 15 years, renewable sources are expected to account for more than half of U.S. electricity generation
The investment house Morgan Stanley predicts that coal will disappear from the U.S. power grid by 2033 as the push for carbon-free energy gains momentum.
Fossil fuels will be largely displaced by renewables, which will account for 39 percent of U.S. electricity and 55 percent in 2035, according to the Morgan Stanley report.
The change will come as more states enact laws requiring energy companies to get rid of carbon dioxide emissions.
Last year, coal accounted for about 20 percent of U.S. electricity generation.
The Energy Department predicts that could rise to 22 percent in 2021 as rising natural gas prices force energy companies to change their fuel mix.
But short-term growth won’t overcome a global shift toward cleaner energy sources, a trend gaining momentum thanks to President Joe Biden’s pledge to put the U.S. on a path toward a fully green energy system.