Nu’oman A. A at We Don’t Have Time: “Renewables are seeing strong momentum in many countries But China is ”

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Renewables are seeing strong momentum in many countries
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But China is set to account for almost 60% of all capacity installed globally between now & 2030
While 🇨🇳 is adding the most capacity, India is growing at the fastest rate among major economies.
In this edition of the IEA’s annual Renewables market report that provides forecasts for the deployment of renewable energy technologies in electricity, transport and heat to 2030, while also exploring key challenges facing the industry and identifying barriers that are preventing faster growth.  
At the COP28 UN Climate Change Conference in December, governments agreed to work together to triple the world’s installed renewable energy capacity by 2030. Renewables 2024 offers a comprehensive country-level analysis on tracking progress towards the global tripling target based on current policies and market developments. Additionally, it assesses the challenges to faster expansion.  
For the first time, this report features a special chapter on renewable fuels, including bioenergy, biogases, hydrogen, and e-fuels. It forecasts their role in global energy demand by 2030 and their potential for decarbonizing the industry, building, and transport sectors. 
Check report 👉 iea.li/40jTPNh
In addition to its detailed market analysis and forecasts, the report also examines key developments for the sector, including policy trends driving deployment, solar PV and wind manufacturing, the costs of renewable technologies, electrolyser and renewable capacity for hydrogen production, prospects for renewable energy companies, and system integration of renewables, along with grid connection queues. 
#Renewables #IEA #CleanEnergy #China #India
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