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Renewable Energy Boasts Record Growth, Driven by Solar and Wind

A solar tower and panels operate at Mohammed bin Rashid Al Maktoum Solar Park as Dubai, United Arab Emirates hosts the COP28 U.N. Climate Summit, Monday, Dec. 11, 2023, in Dubai, United Arab Emirates.

World's Renewable Energy Saw Fastest Growth in 25 Years in 2023, Says IEA

According to a recent assessment by the International Energy Agency (IEA), renewable energy experienced its fastest growth in the past 25 years in 2023. This report comes in the wake of nations agreeing on ambitious new targets to combat climate change. The Paris-based agency highlighted that the remarkable increase in solar energy in China played a significant role in this growth, with the world adding nearly 510 gigawatts of renewable energy capacity. This is equivalent to powering almost 51 million homes for a year. Europe, the United States, and Brazil also saw record growth in the renewable energy sector.

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