Photo credit: Pxfuel energy generator CC
A new report from the International Energy Agency projects that wind and solar power sources are on course to surpass natural gas capacity in 2023 and coal in 2024.
Renewable energy will increase a record 10% in 2021 and “overall, renewables are set to account for 95% of the net increase in global power capacity through 2025.”
The report concludes with this very promising observation: “Net-zero emission targets in key markets are expected to accelerate the deployment of renewables. Following the European Union and several European countries, three major Asian economies recently announced targets for reaching net-zero emissions: Japan and South Korea by 2050, and China by 2060… These stated ambitions are very likely to further accelerate the deployment of renewables across all sectors.”
View the report here.