The International Energy Agency (IEA) released a report yesterday showing renewables are on track to surpass coal as the biggest source of global electricity by early 2025! ⚡️
Global solar PV capacity is predicted to be tripled between 2022-2027, overtaking coal and becoming the largest source of power capacity. The report also predicts an increase of solar panel installations on both residential and commercial rooftops, which help consumers cut down on energy bills. Global wind capacity is predicted to almost double, with offshore projects accounting for one-fifth of the growth. Together, wind and solar will account for over 90% of the renewable power capacity over the next five years. 🍃☀️
Biofuel demand is also expected to expand by at least 22% over the 2022-2027 period. Countries like the United States, Canada, Brazil, Indonesia, and India make up about 80% of the anticipated global biofuel use, with all 5 countries laying down comprehensive policies to support growth. Let us know what you think about this in the comments!
📍You can catch the report here: [ Ссылка ]
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