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According to the latest report of the International Energy Agency, in the next five years, more than one trillion watts of clean energy capacity can be installed worldwide, more than the
EU's current total power generation.
In its latest annual report on renewable energy, the IEA predicts that 1.
3 terawatts (1.
3 trillion watts) of new clean energy capacity will be added by 2023 under one scenario
.
Even in a more conservative scenario, the agency predicts a 1 terawatt increase in global renewable energy capacity, largely driven by a boom in solar installations and more accommodative government policies
.
The positive outlook for clean energy comes with warnings that government support and market design are essential
to ensure that renewable energy continues to be invested and built.
The IEA said energy from solar, wind and water will continue to surpass natural gas and coal
over the next five years.
The natural gas power generation market will be squeezed
by cheap coal and more competitive solar and wind technologies.
Although renewables expand their share of the global electricity mix to 30% by 2023, Asia's growing coal-fired power generation means that the dirtiest fossil fuels will remain the world's largest source
of electricity.
Hydropower is expected to grow by 12% over the next five years and remain the largest renewable energy generator by 2023
.
Wind power production is expected to increase by 2/3 to 7%.
Solar power generation tripled, surpassing bioenergy to become the third largest source of
renewable energy generation.
The IEA said China would be responsible for 41 percent of global renewable energy growth, adding 438 GW of clean energy to become the world's largest consumer of green energy, surpassing the European Union
.
By 2023, nearly half of Brazil's total electricity consumption will come from renewable sources, with a large part coming from hydropower and bioenergy
.
The IEA focuses on "modern bioenergy," calling it a "blind spot" in the renewable energy world, even though it accounted for half
of all clean energy consumed in 2017.
Most modern bioenergy, including plant-produced liquid fuels, anaerobic gas digestion and wood pellets, is used to heat industrial buildings
.
It does not include traditional bioenergy, which comes from biomass such as wood and animal waste
.
"Modern bioenergy is an overlooked giant in the renewable energy sector," said Fatih Birol, Executive Director of the IEA, "and we expect modern bioenergy to continue to lead the field with great prospects
for further growth.
" ”
The IEA says only bioenergy that reduces life-cycle greenhouse gas emissions while avoiding social, environmental and economic impacts can play a future role
in clean energy systems.
After three years of small changes, global CO2 emissions from energy use increased by 1.
6%
in 2017.
Coal currently accounts for about
27% of the world's energy demand.
According to the IEA's 2017 World Energy Outlook, that share could fall to around 22 percent by 2040 as governments adopt cleaner energy policies
.
The agency's next global report will be published
in November.
According to the latest report of the International Energy Agency, in the next five years, more than one trillion watts of clean energy capacity can be installed worldwide, more than the
EU's current total power generation.
In its latest annual report on renewable energy, the IEA predicts that 1.
3 terawatts (1.
3 trillion watts) of new clean energy capacity will be added by 2023 under one scenario
.
Even in a more conservative scenario, the agency predicts a 1 terawatt increase in global renewable energy capacity, largely driven by a boom in solar installations and more accommodative government policies
.
3 terawatts (1.
3 trillion watts) of new clean energy capacity will be added by 2023 under one scenario
.
Even in a more conservative scenario, the agency predicts a 1 terawatt increase in global renewable energy capacity, largely driven by a boom in solar installations and more accommodative government policies
.
The positive outlook for clean energy comes with warnings that government support and market design are essential
to ensure that renewable energy continues to be invested and built.
The IEA said energy from solar, wind and water will continue to surpass natural gas and coal
over the next five years.
The natural gas power generation market will be squeezed
by cheap coal and more competitive solar and wind technologies.
Although renewables expand their share of the global electricity mix to 30% by 2023, Asia's growing coal-fired power generation means that the dirtiest fossil fuels will remain the world's largest source
of electricity.
Hydropower is expected to grow by 12% over the next five years and remain the largest renewable energy generator by 2023
.
Wind power production is expected to increase by 2/3 to 7%.
Solar power generation tripled, surpassing bioenergy to become the third largest source of
renewable energy generation.
The IEA said China would be responsible for 41 percent of global renewable energy growth, adding 438 GW of clean energy to become the world's largest consumer of green energy, surpassing the European Union
.
By 2023, nearly half of Brazil's total electricity consumption will come from renewable sources, with a large part coming from hydropower and bioenergy
.
The IEA focuses on "modern bioenergy," calling it a "blind spot" in the renewable energy world, even though it accounted for half
of all clean energy consumed in 2017.
Most modern bioenergy, including plant-produced liquid fuels, anaerobic gas digestion and wood pellets, is used to heat industrial buildings
.
It does not include traditional bioenergy, which comes from biomass such as wood and animal waste
.
"Modern bioenergy is an overlooked giant in the renewable energy sector," said Fatih Birol, Executive Director of the IEA, "and we expect modern bioenergy to continue to lead the field with great prospects
for further growth.
" ”
The IEA says only bioenergy that reduces life-cycle greenhouse gas emissions while avoiding social, environmental and economic impacts can play a future role
in clean energy systems.
After three years of small changes, global CO2 emissions from energy use increased by 1.
6%
in 2017.
Coal currently accounts for about
27% of the world's energy demand.
According to the IEA's 2017 World Energy Outlook, that share could fall to around 22 percent by 2040 as governments adopt cleaner energy policies
.
The agency's next global report will be published
in November.
