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Global Wind Report 2021
March 30 , 2021
1248 days
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- Global Wind Report 2021 was published by the Global Wind Energy Council (GWEC).
- The report warns that there is a need to install new wind power capacity three times faster by next decade.
- This warning is to achieve global climate targets & limit global warming to below 2°C above the pre-industrial levels.
- In the year 2020, 93 GW of new capacity were installed.
- It is a 53% year-on-year increase.
- But this is not sufficient to ensure that world will achieve net zero emission target by 2050.
Findings:
- As per this report, total global wind power capacity of 743GW is helping the globe to avoid over 1.1 billion tonnes of CO2 annually.
- It is equal to annual carbon emissions of South America.
- Report warns that, the world needs to install a minimum of 280 GW of new wind energy per year.
- It underlines that, the Governments across the globe must work with ‘climate emergency’ approach to eliminate red tape and planning delays.
- Wind power is a cornerstone to achieve net zero emission target and power a green recovery.
- This is because wind power is cost-competitive and a resilient power source which is having most decarbonisation potential per MW.
- According to this report, technology innovations and economies of scale has quadrupled the global wind power market in size in past decade.
- Growth in 2020 was driven by installations on large scale in China and US which are the two largest wind power markets of world.
- Both the countries have over half of total wind power capacity.
- They accounted for 75% of new installations in 2020.
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