China is set to maintain its position as the global leader in renewable expansion, while the European Union, the US and India will more than double their renewable capacity in the next seven years.
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The world is set to add an unprecedented amount of renewable capacity between now and 2030, outperforming governments’ own national targets but falling short of a tripling target set at last year’s UN climate summit.
Over 5,500 gigawatts of new renewable capacity will be added globally in the next five years, the equivalent of the current total power capacity of China, the European Union, India, and the US combined, the International Energy Agency (IEA) said on Wednesday. According to energy think tank Ember, renewable energy currently accounts for little over 30% of global electricity.
Growing demand from the private sector and households, boosted by “supportive” energy security and…
