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Renewables provided record 30 per cent of global electricity in 2023
- 11 days ago (2024-05-08)
- David Flin
A report by the environmental think tank Ember states that growth in solar and wind power pushed renewable generation to a record 30 per cent of global electricity production in 2030, putting the target of tripling global renewable capacity by 2030 within reach. Over 100 countries at the COP28 climate summit in Dubai in 2023 agreed to triple renewable energy capacity by 2030.
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Ember’s Global Electricity Review showed renewable sources provided 30.3 per cent of global electricity in 2023, up from 29.4 per cent in 2022. This was as a result of a growth in projects – especially solar – increasing capacity.
Industry experts have said issues around grid connections and permits for new projects need to be solved for the targets to be met. The report predicted continued renewable growth would see fossil fuel production fall by 2 per cent in 2024 and push overall fossil fuel power production to less than 60 per cent for the first time since at least 2000, when Ember started collecting data.