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World Energy Transitions: Outlook 2023
April 13 , 2023
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- The recent report was released by International Renewable Energy Agency.
- As per the report, the global energy transition is still “off-track” and falls short of the 1.5 degrees Celsius pathway.
- To keep 1.5°C alive”, deployment levels must grow from some 3,000 gigawatt (GW) today to over 10,000 GW in 2030, an average of 1,000 GW annually”.
- China, the European Union and the United States accounted for two-thirds of all additions in 2022.
- In 2022, 85 per cent of global renewable energy investment benefitted less than 50 per cent of the world’s population.
- Africa accounted for only 1 per cent of additional capacity in 2022.
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