(ANSA) – ROME, MAY 11 – Renewable energy is set to break another global record in 2022, despite the challenges of rising costs and the supply chain. Capacity growth is mainly driven by solar photovoltaics in China and Europe as renewables demonstrate energy security benefits amid market turmoil. This was stated by the Iea (International energy agency) in the update on the renewable energy market, explaining that in 2021 the world added 295 Gigawatts of new renewable energy capacity, despite the obstacles in the supply chain, construction delays and high prices of raw materials and that capacity will increase to 320 gigawatts this year, which could meet Germany’s entire electricity demand or the EU’s total electricity production from natural gas.
Solar photovoltaics, the IEA estimates, will account for 60% of global renewable energy growth in 2022, followed by wind and hydroelectricity.
In the European Union, annual capacity grew nearly 30% to 36 gigawatts in 2021, surpassing the previous record of 35 gigawatts a decade ago. The additional renewable capacity commissioned for 2022 and 2023 has the potential to significantly reduce the European Union’s dependence on Russian gas in the energy sector as long as there are successful energy efficiency measures to keep energy demand in check.
In the absence of stronger policies, added renewable energy capacity around the world is expected to stabilize in 2023, as continued advances for solar are offset by a 40% decline in hydroelectric power expansion and a small change in solar power. ‘wind energy.
The prospects for renewable energy for 2023 and beyond, the IEA points out, will largely depend on new and stronger policies in the next six months. (HANDLE).
I have been working in the news industry for over 10 years now and I have worked for some of the biggest news websites in the world. My focus has always been on entertainment news, but I also cover a range of other topics. I am currently an author at Global happenings and I love writing about all things pop-culture related.