Get ready for a massive renewable energy boom

Renewables are projected to be the fastest growing source of energy over the next 30 years. And that's a conservative estimate.

Wind and solar energy
(Image credit: (Sean Gallup/Getty Images))

Renewables will be the fastest growing source of energy between now and 2040, according to new projections from the Energy Information Administration.

The EIA forecasts that from 2012 to 2040, solar, wind, and geothermal production will nearly double, rising 97 percent. The next closest projection is for natural gas, which is expected to grow 56 percent.

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John Aziz is the economics and business correspondent at TheWeek.com. He is also an associate editor at Pieria.co.uk. Previously his work has appeared on Business Insider, Zero Hedge, and Noahpinion.