Renewable Capacity Statistics 2024 released by the International Renewable Energy Agency (IRENA) recently shows that 2023 set a new record in renewables deployment in the power sector by reaching a total capacity of 3 870 Gigawatts (GW) globally. Renewables accounted for 86% of capacity additions; however, this growth is unevenly distributed across the world, indicating a trend far from the tripling renewable power target by 2030. The 473 GW of renewables expansion was led once again by Asia with a 69% share (326 GW). This growth was driven by China,…
Read MoreRecord Growth in Renewables, but Progress Needs to be Equitable
