Renewable energy is booming. But it’s not growing fast enough to fight climate change
Wind power will play an important role in the next leg of the renewable energy boom. Onshore wind will make up a quarter of the growth in renewables over the next five years.
New York (CNN Business) Nearly a third of the Earth’s electricity will come from renewables by 2024, according to the International Energy Agency.
Renewable power capacity is expected to surge by 50% globally in the next five years, “meteoric” growth that is equivalent to the amount of electricity currently churned out by America’s power plants, the energy watchdog said in a report published on Monday.
That blockbuster growth, led by solar power, is being driven by plunging costs, smarter policies and rising concern about the climate crisis.
However, the IEA warned that the expansion into renewables will still be “well short” of what’s required to meet aggressive goals aimed at fighting climate change and curbing air pollution.
“They still need to be growing far more strongly in order to achieve long-term sustainable energy goals,” Fatih Birol, the IEA’s executive director, wrote in the report.
Read more at: CNN Business
Source: CARICOM TODAY
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