Renewable Energy to Become World’s Top Electricity Source by 2025, Report Says

“Fossil fuel supply disruptions have underlined the energy security benefits of domestically generated renewable electricity, leading many countries to strengthen policies supporting renewables,” the executive summary states. “Meanwhile, higher fossil fuel prices worldwide have improved the competitiveness of solar PV and wind generation against other fuels.”

“Renewables are the only electricity generation source whose share is expected to grow, with declining shares for coal, natural gas, nuclear, and oil generation,” the IEA writes. “The growth of dispatchable renewables including hydropower, bioenergy, geothermal, and concentrated solar power remains limited despite their critical role in integrating wind and solar PV into global electricity systems.

The agency expects a 100-fold increase over the next five years in renewable energy capacity devoted to green hydrogen production, with China, Australia, Chile, and the United States accounting for about two-thirds of the total. The U.S., Canada, Brazil, Indonesia, and China lead “robust” growth in biofuel production, with waste and residues providing feedstock to cover one-third of the growth.

But EU energy ministers “are still dragging their feet over a new commitment to having 45% of the EU energy mix to come from renewables by 2030,” added E3G programme leader Pieter de Pous, when 45% should be the “absolute minimum for new EU ambition”.

They should ALL be doing that, in any case, but better late, than never...

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