Renewable Energy Surpasses Coal as the Largest Source of Electricity Worldwide

According to a recent report by the International Energy Agency (IEA), renewable energy has surpassed coal as the largest source of electricity worldwide. The report shows that solar power, in particular, has experienced significant growth, accounting for the largest share of new capacity additions.

The report reveals that renewable energy now accounts for 28% of the world's electricity generation, up from 22% in 2013. In contrast, coal's share of electricity generation has fallen from 38% in 2013 to 28% in 2020.

Solar power has played a significant role in this transition, accounting for almost 50% of all new renewable energy capacity additions in 2020. The report cites falling costs and government support as key drivers of solar's growth.

China and the United States are leading the way in solar power capacity additions, with China accounting for over 40% of global solar capacity and the United States accounting for over 10%.

The IEA report also highlights the need for further investment in renewable energy to meet climate targets and reduce greenhouse gas emissions. The report suggests that by 2030, renewable energy could account for 40% of the world's electricity generation, which would require a significant increase in investment and policy support.

Overall, the report signals a significant shift towards a more sustainable and renewable energy future, driven by the rapid growth of solar power.