Renewable energy has ‘another record year of growth’ says IEA

(The Guardian, 1 Dec 2021) Renewables will account for about 95% of growth in global power-generation capacity up to the end of 2026, finds energy agency.

It has been another record year for renewable energy, despite the Covid-19 pandemic and rising costs for raw materials around the world, according to the International Energy Agency (IEA).

About 290GW of new renewable energy generation capacity, mostly in the form of wind turbines and solar panels, has been installed around the world this year, beating the previous record last year. On current trends, renewable energy generating capacity will exceed that of fossil fuels and nuclear energy combined by 2026.

New climate and energy policies in many countries around the world have driven the growth, with many governments setting out higher ambitions on cutting greenhouse gas emissions before and at the Cop26 UN climate summit in Glasgow last month.

However, this level of growth is still only about half that required to meet net zero carbon emissions by mid-century.

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The Guardian, 1 Dec 2021: Renewable energy has ‘another record year of growth’ says IEA