Record renewable electricity capacity additions in 2022, and an increase in hydropower availability, allowed non-bioenergy renewables to achieve their second highest share growth in history. Modern bioenergy's share in 2022 increased by 0.2 percentage points, reaching 6.8%. In 2022, renewable energy supply from solar, wind, hydro, geothermal and ocean rose by close to 8%, meaning that the share of these technologies in total global energy supply increased by close to 0.4 percentage points, reaching 5.5%. In April 2023, it announced a plan to auction 50 GW of new capacity annually to fulfil this goal. India remains committed to its ambitious target of reaching 500 GW of non-fossil power capacity in 2030.The United States announced important new funding in 2022 under the IRA, which is expected to advance deployment of renewables in the medium term, and to boost investment in both power plants and equipment manufacturing.New policies and targets proposed in the REPowerEU Plan and The Green Deal Industrial Plan are expected to be important drivers of renewable energy investments in the coming years. ![]() The European Union is accelerating solar PV and wind deployment in response to the energy crisis, with more than 50 GW added in 2022, an almost 45% increase compared to 2021.The 14th Five-Year Plan for Renewable Energy, released in 2022, provides ambitious targets for renewable energy use, which should spur investment in the coming years. China continues to lead in terms of renewable electricity capacity additions, with 160 GW added in 2022, almost half of all global deployment.To achieve this, annual renewable energy use must increase at an average rate of about 13% during 2023-2030, twice as much as the average over the past 5 years.Ĭountries and regions making notable progress in advancing renewables include: Non-bioenergy renewables need to increase their share of total energy supply from close to 5% today to approximately 17% by 2030 in the NZE Scenario. Wind, hydro, geothermal, solar thermal and ocean energy use needs to expand significantly faster in order to get on track. Solar PV is today the only renewable energy technology on track with the Net Zero Emissions by 2050 (NZE) Scenario. ![]() Key policies announced in 2022, especially REPowerEU in the European Union, the Inflation Reduction Act (IRA) in the United States and China’s 14th Five-Year Plan for Renewable Energy, will lend further support to accelerate renewable electricity deployment in the coming years. Recent progress has been promising, and 2022 was a record year for renewable electricity capacity additions, with annual capacity additions amounting to about 340 GW. Bioenergy is discussed separately, and this page is dedicated to other renewable technologies. ![]() Modern bioenergy is today the largest source of renewable energy globally, with a more than 50% share of global use in 2022. The deployment of renewables for electricity generation, for heat production for buildings and industry, and in transport is one of the main enablers of keeping average global temperature rise below 1.5☌. Renewables play a critical role in clean energy transitions.
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