Dear Readers, The global economy once again posted very strong growth in electricity demand last year, according to data just released from BP Statistical Review. But out of the total annual growth of 621 TWh, as global electricity demand advanced from 24,930 TWh to 25,551 TWh, the data showed that combined wind and solar alone provided 44.7% of that growth.



The time draws near, therefore, when wind and solar will take nearly all of the annual growth in global power generation. This week's letter, Global Grid Decarb Monitor, suggest that as we head into the years 2020-2021, combined wind and solar will move towards a 75% share of marginal growth in global electricity demand, and will soon thereafter reach 90-100%.



To aid readers in their perception of where the global electricity system currently stands, a big picture chart is included here showing the progression of combined wind and solar growth in the overall system. Of special note, for the first time, combined wind and solar started to move past the 5% share level of total demand, and last year reached 6.13%. We are only 36 months away, or less, from the moment when growth in powergrid energy sources ex wind+solar will flatten out.



In other news, Part Two of Oil Fall will be released next month, and as previewed in Part One, the subject will be the future of oil demand in China. If you have not read Part One, Oil Fall-California ICE, you are encouraged to do so.



Thanks for reading



-Gregor Macdonald, Editor



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____________________

Gregor Macdonald

Author of All best,-Gregor Macdonald, Editor____________________Gregor MacdonaldAuthor of Oil Fall: Part One, California ICE.

Editor of TerraJoule.us , A Journal of Energy Transition

