Zero-carbon sources now account for more than 40 percent of global energy generation capacity, according to a BNEF analysis released this week. A stunning 91 percent of all new power capacity added in 2023 came from solar and wind, compared to only 6 percent from fossil fuels, according to the research.
BNEF’s Power Transition Trends report gathers data from more than 140 markets to track energy trends globally. China is far and away ahead of the pack in renewable energy deployment, consistent with its fast-paced record on wind and solar development over the past 10 years. “The U.S., Brazil, Canada and India rounded out the top five, which accounted for 60 percent of the world’s renewable generation last year,” BNEF reported.
Green hydrogen can overcome obstacles to even more clean energy development in the U.S.
The U.S. ranked second behind China for new renewable energy investments in the first half of 2024, according…
