Despite dozens of net-zero targets being announced and deployment of renewable energy ramping up globally over the past year, just 10% of countries have shown “steady and consistent” progress in their energy transition plans, according to a new report from the World Economic Forum (WEF).
Despite additional solar and wind contributing to a record reduction in global coal generation last year, new renewable energy projects are still not being built quickly enough to keep pace with rising electricity demand.
The rapid scale-up of solar capacity in the European Union drove the growth of renewable electricity generation, which overtook that of fossil fuels for the first time last year.
Solar and wind generated a record 9.8% of global electricity during the first six months of 2020, but further gains are needed if Paris Agreement targets are to be met, a new report has said.
New analysis by think tank Ember shows April surge saw European renewables reach shares not expected until 2025, amid claims earlier-than-predicted surge highlights need for flexibility.
