The ‘New Normal’ in America: Renewables Boom

After decades of technology development, business model innovation and policy progress, the U.S. economy is now decisively growing -- independent of energy consumption and carbon emissions.

Since 2007, U.S. GDP has grown by 12 percent, while energy consumption has fallen by 3.6 percent, according to the new 2017 Sustainable Energy in America Factbook, compiled by Bloomberg New Energy Finance (BNEF) for the Business Council for Sustainable Energy (BCSE).

This year’s fifth edition report builds on last year’s Factbook findings that show the U.S. economy grew by 10 percent since 2007, while energy consumption fell by 2.4 percent. “In other words, energy productivity continues to improve as less and less energy is needed to fuel growth,” the authors wrote.