RPG Trends

Global outlook on electricity generation 2020-2050, by energy source


News from Statista: https://www.statista.com/statistics/238610/projected-world-electricity-generation-by-energy-source/

The past decade saw the beginning of a boom in global installed renewable capacity, which recently surpassed 2.8 terawatts. In 2019, Asia was the region with the largest renewable electricity production, at 2.45 thousand terawatt-hours. It is projected that electricity generated worldwide will increase by nearly 70 percent in the coming three decades, to reach some 42 thousand terawatt-hours by 2050. That year, renewables are expected to be the largest source of global electricity, accounting for some 56 percent of electric power produced.

Renewable power needs to expand significantly to meet the IEA Net Zero Scenario share of 60% by 2030


IEA, Renewables and low-carbon share in power generation in the Net Zero Scenario, 2000-2030, IEA, Paris https://www.iea.org/data-and-statistics/charts/renewables-and-low-carbon-share-in-power-generation-in-the-net-zero-scenario-2000-2030 

In 2020, renewable electricity generation rose ~7%, with wind and solar PV technologies together accounting for almost 60% of this increase. The share of renewables in global electricity generation reached almost 29% in 2020, a record annual increase of two percentage points. However, the drop in electricity demand caused by the Covid-19 slowdown in economic activity and mobility is a key reason for this record. Renewable power deployment as a whole still needs to expand significantly to meet the Net Zero Emissions by 2050 Scenario share of more than 60% of generation by 2030.


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