China is expected to account for almost 60% of all renewable energy capacity installed worldwide between now and 2030, according to the International Energy Agency.
The IEA’s highly influential renewable energy report found that over the next six years renewable energy projects will roll out at three times the pace of the previous six years, led by the clean energy programmes of China and India.
It found that the world’s renewable energy capacity is on course to outpace the 2030 goals set by governments to roughly equal the power systems in China, the EU, India and the US combined.
Fatih Birol, the executive director of the IEA, said: “If I could sum this [trend] up in two words they would be: China, solar.”
China will have over half of the world’s renewables by the end of the decade. The solar power surge is thought to have slowed China’s coal power pipeline, which grew by 100 GW of new power plant permits in 2022 and 2023….
