IEA warning against Stagnation of Renewables

After two decades of growth, the amount of newly installed renewable energy capacity is no longer rising and, despite a 7% growth in electricity generation from clean energy sources, global energy-related carbon emissions have risen 1.7%

Last year saw 180 GW of renewable energy generation capacity installed worldwide, according to the International Energy Agency (IEA). Although the figure is impressive, and matched the amount added in 2017, the IEA has pointed out it was the first time the volume of new renewables had not risen year on year since 2001 and was not enough to keep the world on track to achieve the objectives defined in the Paris climate change agreement. In fact, the world saw a 1.7% rise in energy related CO² emissions last year, said the agency.

According to the IEA’s Sustainable Development Scenario, at least 300 GW of new renewable energy capacity is required per year up to 2030 to keep the Paris goals within reach. Adding 180 GW annually, said the agency, will provide barely 60% of the new clean energy capacity required. Among the competing clean energy technologies, solar power again dominated, with 97 GW of new generation capacity added, similar to the amount of PV installed in 2017.

Source : https://bit.ly/2vTfxbh