Renewable power on course to shatter more records as countries around the world speed up deployment

Fri, 14 Jul 2023 05:22:21 +1000

Andrew Pam <xanni [at] glasswings.com.au>

Andrew Pam
<https://www.iea.org/news/renewable-power-on-course-to-shatter-more-records-as-countries-around-the-world-speed-up-deployment>

"Global additions of renewable power capacity are expected to jump by a third
this year as growing policy momentum, higher fossil fuel prices and energy
security concerns drive strong deployment of solar PV and wind power, according
to the latest update from the International Energy Agency.

The growth is set to continue next year with the world’s total renewable
electricity capacity rising to 4500 gigawatts (GW), equal to the total power
output of China and the United States combined, says the IEA’s new Renewable
Energy Market Update
, which was published today.

Global renewable capacity additions are set to soar by 107 gigawatts (GW), the
largest absolute increase ever, to more than 440 GW in 2023. The dynamic
expansion is taking place across the world’s major markets. Renewables are at
the forefront of Europe’s response to the energy crisis, accelerating their
growth there. New policy measures are also helping drive significant increases
in the United States and India over the next two years. China, meanwhile, is
consolidating its leading position and is set to account for almost 55% of
global additions of renewable power capacity in both 2023 and 2024."

Via Future Crunch:
<https://futurecrunch.com/goodnews-stunting-ocean-australia-wind-solar-europe/>

Cheers,
       *** Xanni ***
--
mailto:xanni@xanadu.net               Andrew Pam
http://xanadu.com.au/                 Chief Scientist, Xanadu
https://glasswings.com.au/            Partner, Glass Wings
https://sericyb.com.au/               Manager, Serious Cybernetics

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