The world will set a new record for renewable power capacity this year led by solar energy in China and Europe, but growth could lose steam in 2023, the International Energy Agency said on Wednesday .
Solar energy will account for 60 per cent of renewable power growth in 2022, ahead of wind and hydropower, according to the agency, which advises developed nations on energy policy. The EU set a goal of slashing its heavy reliance on Russian natural gas by two thirds this year following Moscow's invasion of Ukraine.
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