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Stagnant In 2018, Investments For Renewable Energy Must Run Faster

December 4, 2019

Via: Forbes

At nearly 180 gigawatts, the International Energy Agency (IEA) reports that net global power generation capacity additions for renewables in 2018 were the same as in 2017. Although this is still a 50% gain from 2012, it is an “unexpected flattening of growth trends that raises concerns about meeting long-term climate goals.” The renewable builds in 2018 were only ~60% of the net additions needed each year. As far as renewables go, the primary focus globally is wind and solar PV power. In 2018, wind was 8% of global capacity, with solar at 7%. IEA’s “Stated Policies,” however, models that by 2040 wind will reach 14% and solar 24%.

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