Renewables surged globally in 2024 | World Economic Forum
Global renewable energy capacity grew by 15.1% in 2024, largely driven by solar. Yet a growth rate of at least 16.6% must be maintained to reach targets of tripling renewable energy
Global renewable energy capacity grew by 15.1% in 2024, largely driven by solar. Yet a growth rate of at least 16.6% must be maintained to reach targets of tripling renewable energy
Energy continued to be a key topic in 2025 - on the global news agenda and for the World Economic Forum. From energy transition momentum to increased focus on critical minerals,
We explore the data to see where the clean energy transition stands today, from rising investment and job growth to grid needs and critical mineral demand.
Electricity demand is growing around the world but the growth in solar and wind was so strong it met 100% of the extra electricity demand, even
Despite a record growth rate of 15.1% in 2024, progress still falls short of the 11.2 terawatts needed to align with the global goal to triple installed
New installations of generating capacity support the increase in our renewable generation forecast. Wind and solar developers often bring their
China saw the most significant growth, commissioning the same volumes of solar PV in 2023 as the entire world did a year earlier, while the country''s wind power additions increased by
China''s approach to renewable energy buildout combines large-scale investment, technological innovation and market reform. China is installing more renewables than any other
In the first six months of the year, renewables like solar and wind generated more electricity than coal for the first time ever, according to a report
Solar PV accounts for almost 80% of the global increase, followed by wind, hydropower, bioenergy and geothermal. In more than 80% of countries worldwide, renewable power capacity is set to grow faster
For the global energy economy, 2026 is shaping up to be a high-stakes execution test shaped around three themes: growth, resilience and competition.
Top energy news: World falling short on key renewables target; Japan looks to nuclear to cut fuel imports; UK says it will create 400,000 new clean energy jobs.
In 2026, renewable developers are expected to emphasize near-term agility—diversifying inputs, stockpiling, and digitizing visibility—while investing in long-term resilience through reshoring,
That''s one of the key findings from the International Energy Agency''s (IEA) Electricity Market Report 2023. It predicts that renewable energy sources such as solar and wind power,
Renewables made up over 90% of new power capacity in 2024, with solar and wind leading—but reaching 2030 goals will require faster and fairer
The Global Energy Review found that global energy demand grew by 2.2% last year, which was considerably faster than the average annual demand increase of 1.3% over the previous
The International Renewable Energy Agency (IRENA) have released their Renewable Capacity Statistics 2025 report, underscoring the remarkable annual
2. Capital allocation and finance Investment in the supply of energy and natural resources will reach record levels in 2025, with spend exceeding $1.5 trillion over our forecasts, up 6% in real
Strong growth in renewable energy is set to continue as nations switch away from fossil fuels in the wake of Russia''s invasion of Ukraine.
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