The International Energy Agency said in a report on Tuesday, renewable energy grew at its fastest rate in two decades, driven mainly by gains in China and wind power.
According to the IEA, about 280 gigawatts (GW) of power generation capacity was added last year, with a 45 percent increase over the amount added in 2019.
This was the largest gain since 1999, and was equivalent to the total power generation capacity in the 10 Southeast Asian countries in the ASEAN trade bloc.
The IEA stated, “The growth is set to become the ‘new normal’ in 2020, with a projected capacity of around 270 GW in 2021 and about 280 GW in 2022.” To fulfill its obligations to reduce the production of greenhouse gases.
Renewable energy accounted for 90 percent of the new electricity generation installed last year.
“Transforming energy production into renewable sources is a key pillar of global efforts to reach carbon neutrality,” said the agency, which advises developed nations on energy policies.
“But CO2 emissions are set to increase this year due to the parallel increase in coal usage, as it underscores the major policy changes and investments in clean energy needed to meet climate targets,” he said.
The IEA noted that nations pushed forward with plans for renewable production at a record rate despite the Kovid-19 pandemic temporarily reducing demand.
The installation of the new wind turbine nearly doubled to 114 GW last year. While the IEA expects the growth rate to slow down slightly in the coming years, it expects that they will still be 50 percent higher during the period 2017-2019.
The installation of new photovoltaic solar panels should also break record, 160 GW by 2022.
“Wind and solar power are giving us more reasons to be optimistic about our climate goals as they break record after record,” IEA chief Fatih Birol said.
The agency said China’s share in new renewable energy generation had increased by 50 percent last year, as the projects were completed before the subsidy expired.
Electrification of renewal despite epidemic
© 2021 AFP
Quotes: Renewable Energy Powers in 2020: Report (2021, 11 May) Retrieved 11 May 2021 from https://techxplore.com/news/2021-05-renewable-energy-powers.html
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