China is on track to generate more electricity from renewable energy by 2035 than the U.S., the European Union, and Japan combined, the International Energy Agency (IEA) said in a new report.
In its World Energy Outlook report, the IEA also said that by 2035 renewable energy sources — wind, solar, hydropower, and biomass — will make up more than 30 percent of the world’s electricity supply, surpassing natural gas and rivaling coal as the leading energy source. Wind and solar photovoltaic power will see especially large gains, helping renewable energy account for nearly half the increase in global power generation over the next two decades, the IEA said.
Carbon emissions related to energy generation will likely rise by 20 percent over that time, the report said, but policies and initiatives in the U.S., China, Europe, and Japan may help limit those emissions. “The right combination of policies and technologies is proving that the links between economic growth, energy demand and energy-related carbon dioxide emissions can be weakened,” the IEA said.
Article appearing courtesy Yale Environment 360
Categories: Economic Indicators