The world is set to add as much renewable energy in the next five years as it did in the past two decades, as a global energy crisis sparked by the war in Ukraine accelerates growth in renewables such as wind and solar, the International Energy Agency says.
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ArrowRight Led by solar energy, renewables are poised to overtake coal as the largest source of electricity generation worldwide by early 2025, helping to keep alive the global goal of limiting Earth’s warming to 1.5 degrees Celsius (2.7 Fahrenheit), according to the Paris-based agency’s latest forecasts.
Global solar capacity is set to almost triple over the next five years, surpassing coal and becoming the largest source of power capacity in the world, the IEA said.
The capacity increase forecast in the report is 30 percent higher than the renewables growth the IEA was predicting only a year ago.
“The current energy crisis can be a historic turning point towards a cleaner and more secure energy system,” Birol said.
“Renewables’ continued acceleration is critical to help keep the door open to limiting global warming” to 1.5 degrees Celsius. »
