IRENA: Renewable Energy To Employ 43 Million By 2050

Renewables Based Energy Systems & Efficient Technologies ‘Only Way’ For A ‘Fighting Chance’ Of Limiting Global Warming To 1.5°C By 2050, Says IRENA In World Energy Transitions Outlook Report

In March 2021, the International Renewable Energy Agency (IRENA) offered a preview of its World Energy Transitions Outlook report, stressing that enhancing renewable energy capacity of the world 10-fold, from 2,800 GW in 2020 to a cumulative of 27,70.

RE Promises Major Cost Savings To Pursue Net Zero Aim

IRENA Report Claims Solar PV Power Generation Costs Dropped 7% Annually In 2020; Says Low-Cost Renewables Build Strong Business Case For World To ‘Power Past Coal’ To A Net Zero Economy

According to the IRENA report, in 2020 solar PV’s total cost came down by 7% YoY, along with other renewables, and with competitive auctions the prices are coming down further, especially for solar PV and onshore wind which undercut even the cheapest new coal option without any financial support.

IRENA: World Added 127 GW New Solar Capacity In 2020

IRENA Releases Latest Renewable Capacity Statistics 2021: Of Over 260 GW Renewable Energy Capacity Added Globally In 2020, Solar Power Contributed 127 GW With China Adding 49 GW & Vietnam 11 GW

With the addition of over 260 GW of new renewable energy capacity in 2020 globally— an annual increase of around 50%—which came despite the economic slowdown due to COVID-19 pandemic, the cumulative installed renewable energy capacity of the world went up to a total of 2,799 GW, according to the International Renewable Energy Agency (IRENA).

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