2021 to set all-time record for renewable installations, says IEA
Stronger policies and raised climate goals leading into COP26 are driving renewables to new records, says new report.
Stronger policies and raised climate goals leading into COP26 are driving renewables to new records, says the International Energy Agency (IEA).
The growth of the world’s capacity to generate electricity from solar panels, wind turbines and other renewable technologies is on course to accelerate over the coming years, with 2021 expected to set a fresh all-time record for new installations, the IEA says in a new report.
Solar PV remains the largest area of growth in renewable electricity, with its capacity forecast to increase by 17% in 2021 to a new record of almost 160 GW worldwide.
“This year’s record renewable electricity additions of 290 gigawatts are yet another sign that a new global energy economy is emerging. The high commodity and energy prices we are seeing today pose new challenges for the renewable industry, but elevated fossil fuel prices also make renewables even more competitive.”Fatih Birol, IEA Executive Director
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