2023 saw fastest renewable energy growth in two decades

The nearly 510 gigawatts added in 2023 is than the growth seen in 2022. The IEA noted that in renewable capacity growth. But it said that in particular saw “extraordinary” acceleration. In 2022, China commissioned an amount of solar equivalent to what the entire world commissioned that year, while also increasing wind installations year over year.

Despite the growth, the report also found that the world is set out in this year’s COP28 climate agreement. It pointed to hurdles including policy uncertainty, insufficient investment in grid infrastructure, administrative barriers to approving projects and not enough financing in developing countries.

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