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Report: Renewable energy growth falls short of climate goal

Deployment of new wind and solar power plants needs to be drastically ramped up by the end of the decade to meet the world’s climate goals, the International Renewable Energy Agency said March 28.

In an advance preview of its annual report on the global shift from fossil fuels to clean energy, the agency said renewables accounted for 83% of new power generation last year. Worldwide, the share of installed power generation coming from renewables reached 40% in 2022, it said.

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