Report: Renewable energy capacity to grow 50%, matching US power plant output | WRAL TechWire

Report: Renewable energy capacity to grow 50%, matching US power plant output | WRAL TechWire

Renewable power capacity is expected to surge by 50% globally in the next five years, “meteoric” growth that is equivalent to the amount of electricity currently churned out by America’s power plants, the International Energy Association says in a new report.

Nearly a third of the Earth’s electricity will come from renewables by 2024, according to the International Energy Agency.

Renewable power capacity is expected to surge by 50% globally in the next five years, “meteoric” growth that is equivalent to the amount of electricity currently churned out by America’s power plants, the energy watchdog said in a report published on Monday.

That blockbuster growth, led by solar power, is being driven by plunging costs, smarter policies and rising concern about the climate crisis.

However, the IEA warned that the expansion into renewables will still be “well short” of what’s required to meet aggressive goals aimed at fighting climate change and curbing air pollution.

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