Thursday, June 2, 2022

81% of net new generating capacity renewables

 From a report by IRENA

In 2 decades, the share of renewables in the net (=after plant retirements) increase in electrical generation capacity has gone from roughly 20% to roughly 80%.  In the last 4 years it's lifted from 60% to 80%.  If this improvement continues, net renewables will reach 100% of new generation capacity by 2025.  At that point, emissions from global electricity generation will start falling, because all new capacity will be renewable, while the retired capacity will be mostly fossil-fuelled.




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