CONNECT WITH US
Climate & Energy

Climate & Energy

Energy security concerns spur faster renewables growth across a widening constellation of countries

Tech Xplore — Energy & Green Tech logo

Published on

Add as a preferred source on Google
Energy security concerns spur faster renewables growth across a widening constellation of countries

This article has been reviewed according to Science X's editorial process and policies. Editors have highlighted the following attributes while ensuring the content's credibility:

Renewables, already expanding at a record pace before the current energy crisis, are set to see strong growth across a wider range of countries around the world in the coming years as governments seek to strengthen energy security and reduce their exposure to imported fuels and volatile prices, according to the IEA's latest report.

"Renewables 2026," this year's edition of the IEA's annual report on the sector, sees global renewable power capacity increasing by almost 4,800 gigawatts (GW) in the 2026–2031 period, almost 60% more than was added in the previous six-year period. Solar PV is set to account for more than three-quarters of global renewable capacity growth to 2031, followed by onshore wind.

Amid unprecedented disruptions to global energy markets since the outbreak of the Iran war at the end of February, stronger policy support and intensified energy security concerns are driving faster deployment of renewable power across India, Southeast Asia, Africa and the Middle East. For the first time, the amount of renewable power capacity added in emerging and developing economies outside China is expected to match the amount added in advanced economies in the forecast period.

China will remain the largest contributor to the global increase in renewable power capacity, but its share is set to decline from over 60% in 2025 to an average of 53% over the forecast period amid changes to its renewable energy policies.


Source link
Related Topics:Climate & Energy

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.