The world is set to add a record-breaking amount of renewables to electricity systems. Read more at straitstimes.com.
LONDON - Global additions of renewable power capacity are expected to rise by a third in 2023, the International Energy Agency said on Thursday, as stronger government policies and energy security concerns drive more clean energy deployment.
In 2024, total global renewable electricity capacity is expected to rise to 4,500GW, equivalent to the total power output of China and the United States combined. “This year, the world is set to add a record-breaking amount of renewables to electricity systems – more than the total power capacity of Germany and Spain combined.”is at the heart of the bloc’s response to the energy crisis in the wake of the Ukraine war.
China is also expected to account for nearly 55 per cent of global additions of renewable power capacity in both 2023 and 2024, the IEA said.
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