Renewable energy has grown faster than ever before in 2020

In 2020 Renewable energy has grown rapidly than before

PRmade  

In 2020, renewable energy has grown faster than ever before.Defying gloomy predictions that the pandemic would hit clean energy hard.

 Renewables are now on course to be the world's largest source of electricity by 2025. Ending the 59 year reign of 'king coal".

Of all new power capacity created this year, 90% is non renewables. And the amount of 'green electricity generated has grown by 7%.

In 2021, growth in India and around the world is set to push renewables to even greater heights.

Global renewables capacity has already grown 500% since 2010. Solar capacity has increased by 48 times and wind capacity has quadrupled.

This power Shift is reflected in the stock market. The value of solar shares has more than doubled since December 2019.

While fossil fuel share prices tumbled amid investor uncertainty. However, electricity only accounts for a fifth of total energy use.

With the majority of emissions coming from transport and industry. To meet the Paris Agreement climate goal of limiting global warming to a 1.5 degree C rise.

We need to cut greenhouse gas emissions by 7.6% every year for the next decade. How can we best reach a low carbon future?