The rise in renewable generation is driven by global capacity additions
Renewable generation set for 10pc growth in 2022 – IEA
New capacity is driving up green power production and lowering emissions despite higher coal burn in Europe, IEA says
Global renewable power generation is on course to rise by more than 10pc this year, outpacing the expansion of electricity demand and, as a result, slightly lowering power sector emissions despite increased coal burn in Europe amid the Russian gas crisis, according to the IEA. The increase in renewable generation is driven by “strong” capacity additions globally, the IEA says. Power sector CO₂ emissions hit record highs in 2021 but will drop this year, albeit by less than 1pc. Emissions intensity is set to fall by more than 2pc, the IEA says. Global electricity demand is expected to grow by 2.4pc in 2022, moving back into line with the average over the five years before the Covid-19 pandemic
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
