Solar has seen rapid growth
Renewables growth to stall without new policies – IEA
Global capacity growth is accelerating this year but will lose momentum in 2023 unless governments offer more support, agency says
Global renewable power capacity is set for strong growth this year but will lose momentum in 2023 unless governments implement new, supportive policies over the next six months, according to the IEA’s latest Renewable Energy Market Update. Capacity is increasing this year at a much faster rate than expected, despite the twin headwinds of cost inflation and supply-chain bottlenecks, the IEA says. Total capacity additions in 2022 are on course to hit 320GW, driven by strong policy support in China, the EU and Latin America. In 2021, capacity additions were 295GW. However, based on existing policies, the amount of renewable power capacity added worldwide is expected to plateau in 2023 as conti
Also in this section
10 June 2025
Eni’s CCUS deal with BlackRock’s Global Infrastructure Partners reflects a growing belief among big investors in the CCUS growth story
3 June 2025
Africa faces challenges in adopting CCS but also has vast potential, with the technology being not just a climate tool but a catalyst for development
2 June 2025
Rather than a simple climate option, CCS is now being seen as a workable solution for Africa’s growth strategy
27 May 2025
EU Parliament and Council both agree to exempt bulk of importers from paying a carbon tax on goods imported into the EU
