The hottest new energy of IEA in 2020 is renewable

2022-08-15
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International Energy Agency: 90% of the new energy in 2020 is renewable energy

the International Energy Agency (IEA) so the relaxation tester is particularly important at this time. It is expected that the new renewable energy capacity this year will be close to 200GW, accounting for nearly 90% of the global new capacity

China and the United States have driven record growth. In these markets, wind and solar energy will grow by 30% as developers strive to complete projects before the expiration of key incentives

the International Energy Agency pointed out that renewable energy is growing, while all other areas of the energy industry such as oil, natural gas and coal, as well as biofuels, are facing a sharp decline due to the epidemic. Among the successful cases in 2020, or at least in the first 10 months, the auction capacity of renewable energy increased by 15% year-on-year, thanks to China, India and the European Union. In addition, listed renewable energy equipment manufacturers and project developers have been outperforming most major stock market indexes and the entire energy sector

total new renewable energy in various countries/regions (2019-2021) source: IEA predicts that the installed capacity of renewable energy will increase by 10% in 2021, this time led by the European Union and India. Projects postponed due to the pandemic will help to achieve this goal, and the market with a large number of project reserves before the outbreak of the COVID-19 is bound to have a significant fixed impact on the reconstruction and reconstruction of the global manufacturing industry before it can be tested for growth

it is expected that India's installed capacity of various new materials will double in 2020, and will become the largest contributor to the leap in new renewable energy installed capacity in 2021

by 2022, the expiration of support measures in major markets may lead to a decline in installed capacity. However, if policy uncertainties are resolved in a timely manner, solar and wind power generation is likely to increase by 25%

the International Energy Agency said: "under favorable policy conditions, by 2022, the annual installed capacity of solar PV will reach a record 150gw - an increase of nearly 40% in just three years."

in the next five years, cost reduction and continuous policy support will continue to promote the strong growth of renewable energy. The agency said that the global cumulative wind and solar photovoltaic power generation capacity is expected to exceed natural gas in 2023 and coal in 2024

fatih Birol, executive director of IEA, said: "by 2025, renewable energy will become the largest source of electricity in the world, ending the status of coal as the largest source of electricity supply in the past 50 years." He added that by that time, renewable energy would account for one third of the global electricity supply

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