A new report published by the International Energy Agency (IEA) on Tuesday, 10 November, indicates that renewable energies will account for almost 90% of the increase in total power capacity worldwide in 2020.
According to this document, renewable electricity production will increase by 7% in 2020.
The IEA estimates that, driven by China and the United States, new renewable electricity generation capacity worldwide will increase by 4% this year and reach a record capacity of nearly 200 gigawatts.
For the agency, this increase will be further bolstered in 2021 with a 10% jump in global renewable capacity, following efforts in India and the European Union.
While solar is becoming “the new king of global electricity markets”, as IEA Executive Director Fatih Birol put it, wind power is expected to see strong growth in the coming years, particularly in China, the United States, and the European Union. The agency thus predicts an 80% increase in wind energy production over the next 5 years.
The report moreover estimates that, in 2025, renewable energies will be the largest source of electricity generation on the planet, thus ending the five-decade domination of coal. The IEA predicts that renewables will supply one-third of the world’s electricity by then.
Lastly, the agency considers that global [solar photovoltaic] and wind energy capacity could expand by an additional 25% for each of these technologies if countries addressed certain energy “policy uncertainties”.
See the report: https://bit.ly/38tgmvT (Original version in French by Damien Genicot)