By 2040, coal, natural gas and renewable energy sources will provide roughly equal shares (28%-29%) of world electricity generation — a tremendous change from 2012, when coal provided 40% of all power generation, according to a new report.

The report, International Energy Outlook 2016, was released today by the U.S. Energy Information Administration (EIA).

Renewables are now the world’s fastest-growing energy source and are expected to increase by 2.6% per year through 2040.

Hydropower and wind are the two largest contributors to the increase in world electricity generation from renewable energy sources, the report stated. Together, hydro and wind account for two-thirds of the total increase in renewable energy from 2012 to 2040.

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