The use of fossil fuels in electricity production is being eroded by the rapid expansion of clean energy. At the global level, installed capacity to generate electricity through wind energy has increased fivefold since 2007, reaching 487GW in 2016. Wind energy is becoming more competitive.
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Natural gas is a vehicle towards renewables, but LNG supply shortfall to emerge in next decade. Policies such as Clean Power Plan accelerate growth of wind and solar. Shale still has key role as link between storage and long-term projects.