Renewables will overtake gas and coal globally in 2024, IEA predicts

The Agency’s ‘Renewables 2020’ analysis states that the Covid-19 pandemic has “hurt” but not “halted” exponential growth in the clean energy sector, with almost 90% of the new generation capacity due to be deployed in 2020 being renewable – equivalent to 1,123GW. Globally, renewable electricity generation capacity will likely be 7% higher at the end of 2020 than the end of 2019.  China and the US are driving these trends, the IEA claims. It believes that wind and solar additions in both nations will be 30% higher in 2020 than in 2019, with solar accounting for the majority of growth. Europe’s recovery is likely to happen during 2021, according to the data.

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