Suzanne Tweedale
LONDON – Growth in solar and wind energy will push renewable energy to account for a record 30% of global electricity generation in 2023, tripling renewable energy generation by 2030, according to a report by think tank Ember. The global goals are within sight.
Reducing fossil fuel use and emissions in the power sector is considered critical to meeting global climate goals. At last year’s COP28 climate summit in Dubai, more than 100 countries agreed to triple renewable energy capacity by 2030.
Ember’s Global Power Review shows that renewables accounted for 30.3% of global electricity last year, up from 29.4% in 2022, as growth in projects, especially solar, added capacity.
Dave Jones, director of global insights at Ember, said in a report: “The growth in solar power generation in 2023 does open up the possibility that we can reach renewable energy levels by 2030 and achieve COP28 power generation. Triple the promise.”
According to the report, more than half of the world’s newly installed solar and wind power capacity came from China last year, with total global solar power generation growing by 23.2% and wind power growing by 9.8%.
To achieve this, industry experts say issues around grid connections and new project consents need to be resolved.
The report predicts that continued renewable energy growth will cause fossil fuel generation to fall by 2% in 2024 and will result in total fossil fuel generation as a share of global electricity generation being lower for the first time since at least 2000, when Ember’s data began. at 60%.
“A permanent decline in the use of fossil fuels in the power sector worldwide is now inevitable, leading to lower industry emissions,” the report said.
This article was generated from automated news agency feeds without modifications to the text.