Renewables set to claim record share of energy mix in 2021
Wind and solar PV power will continue to grow in 2021 after increasing market share last year—but coal may be set for mini-revival
Global renewable energy generation is set to grow by 6pc during 2021, with a record level of new capacity boosted by delayed projects becoming operational, according to the IEA in its Electricity Market Report. This growth follows a 7pc rise in global renewable power generation from various sources including hydropower, wind and solar PV in 2020. Renewables account for 28pc of global electricity production—up c.2pc on 2019 and forecast to rise to 29pc during 2021. Wind and solar PV generation grew by more than 10pc and 20pc respectively during 2020 and are together responsible for more than 9pc of electricity supply. The IEA expects wind to grow by 11pc and solar PV by 17pc during 2021. Hydr
Also in this section
13 December 2024
Prices in world’s largest compliance market have risen this year but remain below those seen in the EU
11 December 2024
Policymakers need to step up with a long-term, global strategy if the energy transition is ever to be a success
11 December 2024
CCUS and other carbon management technologies are gaining traction around the world, but heightened policy risk and other pressures will make 2025 a challenging year in some regions
10 December 2024
Tightened standards have helped improve the outlook for the voluntary carbon market, which is set for a record year and poised for long-term growth
