The world added 50% more renewable capacity in 2023 than in 2022 –and that means it has a real chance of achieving the goal set by governments at the COP28 climate change conference of tripling global capacity by 2030.
The amount of renewable energy capacity added to energy systems around the world reached almost 510 gigawatts (GW), with solar accounting for 75% of additions, according to the International Energy Agency’s (IEA) latest edition of the annual “Renewables 2023” report released today.
The largest growth took place in China, which commissioned as much solar in 2023 as the entire world did in 2022, while China’s wind power additions rose by 66% year-over-year. The increases in renewable energy capacity in the US, Europe, and Brazil also hit all-time highs.
What’s more, the next five years will see the fastest growth yet. The…