Renewable Energy Gains Ground in Global Energy Mix

By 2025, the world will likely see a critical mass of renewable energy sources, superseding non-renewable resources in the global energy mix. A recent report by the International Energy Agency (IEA) predicts that solar and wind power will account for more than 50% of the world’s energy production by 2025.

Global Energy Outlook 2020: Key Takeaways

The latest report from the International Energy Agency (IEA) offers a comprehensive analysis of the global energy landscape. With a focus on the future, this report highlights the rapid growth of renewable energy, forecasting an unprecedented shift in the energy mix. Key findings include:

• Renewable energy will reach 50% of global energy production by 2025
• New energy technologies will play a crucial role in reducing emissions and improving energy security
• Achieving net-zero emissions by 2050 is still within reach, but significant and immediate action is required

Breaking Down the Numbers

Solar and wind energy have made significant strides, with solar PV capacity growing by 18% and wind power by 14% in 2020. In fact, solar power already surpassed coal in the global energy mix for the first time in 2019. Additionally, the report highlights the importance of electric vehicles (EVs), with EVs set to reach 140 million units on the road by 2030.

Renewable Energy in the Spotlight

To reach the expected targets, significant investments are needed to scale up renewable energy infrastructure. Governments, corporations, and individuals must work together to develop and implement policies supporting the energy transition. Governments have taken steps, setting targets for net-zero emissions, with many countries already exceeding them. Meanwhile, corporations are implementing renewable energy strategies, aiming for notable reductions in carbon footprint.

Beyond Fossil Fuels: The Future of Energy

Imperative for a sustainable future: ceasing the use of fossil fuels by 2030. The world has just over a decade to make the necessary transformation. This involves massive investments – over $1 trillion per year – to conventional energy infrastructure, innovative technologies, and ongoing research and development. With the correct approach, we can ensure a resilient, low-carbon future for generations to come.