June 17

‘We Need to End the Fossil Era’ | Governments Undermining Record Renewables Growth: REN21

By Darius Snieckus 

Record build-out worldwide of renewable power plant in 2021 has been outpaced by overall growth in global energy demand, with international governments’ decision to spend some $18trn on fossil fuel subsidies undermining a green recovery from the global Covid-19 pandemic, according to new figures from REN21.

The think-tank’s annual Renewables Global Status Report found the share of renewables in global energy use “stagnated” in 2021 – and has inched up only from 8.7% in 2009 to 11.7% in 2019, despite the market-changing growth of wind and solar production over this decade.

In the electricity sector, unprecedented additions in renewables capacity – 316GW, up 17% from 2020, and generation – 7,800TWh – fell short of meeting the total consumption increase of 5%, with a “particularly worrying lack of progress” in transport, where the share of clean energy reached only 3.7%, on latest data, from a sector that accounts for nearly a third of global energy consumption.

Source: Rechargenews (link opens in a new window)

renewable energy