The World Energy Outlook 2022 released by the International Energy Agency on Tuesday pointed out the significantly accelerated renewable energy installation in various countries triggered by the energy crisis, and the global installed capacity increase in the next five years is expected to be nearly twice the increase in the previous five years.
The report predicts that between 2022-2027, the installed capacity of global renewable energy power generation will increase by 2,400 GW, more than 90% of the global power increment. By the beginning of 2025, renewable energy will surpass coal as the world’s largest power source.
Fatih Birol, Executive Director of IEA, said that the world’s new generation of renewable energy power in the next five years will be equivalent to the total increase in the previous 20 years, which clearly shows that the current energy crisis can become a historical turning point, making the global energy system cleaner and safer.
In the next five years, the new installed capacity of renewable energy in Europe is expected to double the increase in the last five years, the increase in China will account for nearly half of the global increase, and the growth of renewable energy in the United States and India will also be significant, according to the report.
By type of energy, global solar capacity will triple and wind capacity will nearly double, which together will account for more than 90% of new global renewable capacity. Global biofuel demand is set to grow by 22%.
