Renewable Energy’s Rise: A New Era for the Global Energy Mix

Renewable energy is revolutionizing the way we power our world. In 2020, a record 38% of the world’s electricity came from renewable sources, surpassing coal for the first time. This shift is driven by declining costs, increasing adoption, and growing concerns about climate change.

### The Rise of Solar Power

Solar power is leading the charge, with prices falling 82% over the past decade. In 2020, solar accounted for 33% of the world’s new power generation capacity, surpassing natural gas. The United States is a leader in solar adoption, with over 70 gigawatts of installed capacity.

### Wind Power’s Strong Showing

Wind energy is another key player in the renewable energy mix, with installed capacity growing by 15% in 2020. The United States is home to over 70 gigawatts of wind power, with Texas being the largest hub.

### Geothermal and Hydro Power

Geothermal and hydro power are also making significant contributions to the global energy mix. Geothermal energy, which uses heat from the Earth’s core, is a significant source of power in countries like Iceland and Indonesia. Hydroelectric power, meanwhile, remains the largest source of renewable energy, accounting for 16% of global electricity generation.

### The Future of Renewable Energy

As the world continues to transition to a low-carbon future, renewable energy is expected to play an increasingly prominent role. The International Energy Agency (IEA) forecasts that renewables will account for 60% of the world’s electricity mix by 2050. To achieve this goal, significant investment in infrastructure, technology, and policy will be required.