The share of global electricity from renewables rose to a record 30% last year as the growth of wind and solar power continued to far exceed that of fossil fuels.
That trend is set to accelerate this year, according to data from energy think-tank Ember. The group expects clean-power growth to more than make up for the overall rise in electricity demand, leading fossil fuel-derived generation to drop 2% in 2024.
While gas and coal generation — the latter driven by a drought-induced decline in hydropower — also increased last year, Ember forecasts that trend to end this year.
“The ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.