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Renewable Energy vs. Fossil Fuels for Electricity: Facts and Forecasts - Although affordable prices for coal and gas are expected to continue for the immediate future, there is a very real shift occurring in the global energy market. Fossil fuels currently power nearly 63% of electricity in the U.S., but Bloomberg’s New Energy Outlook 2017 speculates that due to the demand for cleaner and greener energy, and the increasing affordability of renewable technologies, by 2040, 38% of electricity in the U.S. will be sourced from renewables like solar, wind, and ocean energy.