Sure , thingsmay look pretty grimwhen it comes to the climate . But novel datum and forecasts from the International Energy Agency hint we ’re at least not going backward — and renewable energy growth is prepare to accelerate .
Am IEAreportreleased Wednesday institute 2021 is on cartroad to set a platter for new renewable energy capacity add-on . The estimated 290 gigawatts of renewable capacity the IEA expect will be commission will far pass by the late record set just last twelvemonth .
The report ’s forecast for the next five years suggests renewable energy electrical capacity will rage up even further over the next half - ten . Renewable energy is expected to calculate for 95 % of the increase in global king capacity through 2026 , with solar fiddle an oversize persona . belligerent new climate goals and renew government interest in clime policy intend the amount of renewable capacitance added over the next five long time could be 50 % higher than that added from 2015 to 2020 .
Photo: Gerard Julien (Getty Images)
All of this confirming intelligence comes despite rising costs across the board associated with the globular supply chain crush . Though those restraint have not seemed to thwart renewable additions so far , the agency warned a continued gain in trade good prices could pass over out cost reduction made in solar over the past three years and result in tip vigor investment shooting back up to grade not come across since 2015 to converge burgeon requirement .
Here are six charts from the report for a glimpse of the state of renewable energy capacity over the next five years — and a reminder that even though we ’re on the right cartroad , we need to go down that route even quicker to obviate even tough wallop of climate change .
EnergyEnergy policyJoe BidenLow - carbon economySustainable vitality
Daily Newsletter
Get the good technical school , scientific discipline , and culture news program in your inbox daily .
tidings from the future , deliver to your nowadays .
You May Also Like
