Energy Transition

5 charts that show how renewable energy generation has soared

The IEA sees a 20% year-on-year increase in renewable energy capacity in 2022.

The IEA sees a 20% year-on-year increase in renewable energy capacity in 2022. Image: Unsplash/Zbynek Burival

Simon Torkington
Senior Writer, Forum Agenda
Our Impact
What's the World Economic Forum doing to accelerate action on Energy Transition?
The Big Picture
Explore and monitor how Energy Transition is affecting economies, industries and global issues
A hand holding a looking glass by a lake
Crowdsource Innovation
Get involved with our crowdsourced digital platform to deliver impact at scale
Stay up to date:

Energy Transition

  • The world is generating more renewable energy than ever before.
  • Wind and solar power are the biggest sources of green electricity.
  • Renewables and nuclear will provide the majority of global power supplies by 2030, according to the IEA.
  • A new generation of green power plants will add to renewables capacity worldwide.

A lot of the metrics on climate change are heading in the wrong direction - but the global dash for renewable energy gives us something positive to cling to as world leaders and other delegates at COP27 try to put the world on track to net zero.

Even as the UN Environment Programme warns that “there is no credible pathway to 1.5C in place,” the trend towards renewable energy is accelerating. This proliferation of green energy production raises the welcome prospect of reduced emissions from power generation.

With the world in the grip of an energy crisis, the head of the International Energy Agency (IEA), sees a 20% year-on-year increase in renewable energy capacity in 2022.

Renewable energy is soaring

Here are 5 charts that show the rapid increase in renewable power generation already achieved and where we are heading by 2050.

Wind power leads the way

The increase in wind power generation is the stand-out success story in the renewables sector. As the chart below shows, wind barely registered as a source of energy before 1990.

A graph showing wind power generation from 1978-2021 renewable energy
Wind-powered energy generation capacity has risen steadily for 30+ years. Image: Our World In Data

It’s now the leading source of green energy in large parts of the world. China tops the list of countries in terms of the amount of energy produced by wind turbines, exceeding 100 terawatt-hours (TWh).

Given its relatively small size, the UK has made great strides with wind power, investing heavily in giant turbines situated in offshore wind farms. The UK has increased capacity by 715% since 2009, according to the UK Office for National Statistics.

A new energy mix

The trend towards renewable energy should quickly shift the balance in favour of green power sources. The IEA chart below shows how the energy mix for electricity production could evolve in the period to 2030. There are two scenarios, known as STEPS and APS, which model possible trajectories. Under both, renewables combined with nuclear will provide the majority of the world’s electricity by 2030.

The trend towards renewable energy should quickly shift the balance in favour of green power sources.
The trend towards renewable energy should quickly shift the balance in favour of green power sources. Image: International Energy Agency

The major challenge in greening the power generation sector is the continuing reliance on coal to power some of the world’s biggest economies. As the chart below from Our World in Data shows, China’s use of coal-fired power plants is still increasing rapidly, with more than 5,000 TWh of electricity produced by burning coal in 2021.

renewable energy electricity generation coal
China’s use of coal-fired power plants is still increasing rapidly, despite the global push for renewable energy sources. Image: Our World In Data

India’s use of coal for power generation is also trending upwards. Both China and India agreed to ‘phase down’ the use of coal at COP26, with India arguing its use was required to lift millions of people out of poverty.

Renewable energy surge generating new energy capacity

As many countries look to phase out the use of coal to fire power stations, a new generation of energy infrastructure is springing up around the world. According to forecasts from the IEA, illustrated in the chart below, “renewables are set to dominate global capacity additions, accounting for 75-80% of all new capacity to 2050 in the STEPS and APS, led by solar PV and wind.”


What’s the World Economic Forum doing about climate change?

new power capacity renewable energy solar wind hydro bioenergy
Solar PV and wind are set to dominate global capacity additions by 2050. Image: International Energy Agency

The chart shows China leading the world on the installation of renewable capacity in the period up to 2050. Central and South America and the European Union follow, again with the emphasis on solar and wind generation.

The IEA also predicts significant investment in hydro generation in Africa, South-East Asia and Central and South America. The International Hydropower Association (IHA) says 16% of all electricity produced globally comes from hydro. The IHA says: hydropower installed capacity reached 1,330 gigawatts (GW) in 2020. China, Brazil, the USA, Canada and India are the largest hydropower producers by installed capacity, as the chart below shows.

hydropower renewable energy electricity
Hydropower is a vital source of renewable electricity in many countries. Image: International Hydropower Association

A 2021 report by the IEA sent a strong message on the importance of hydro generation, saying: “Reaching net-zero emissions by 2050 worldwide calls for a huge increase in hydropower ambitions.”

The new global energy mix that is emerging will be crucial in reaching the world’s net-zero ambitions. At COP27, the focus will be on turning pledges into action to ensure the ambition of limiting global warming to 1.5C does not slip beyond our grasp.

Have you read?
Don't miss any update on this topic

Create a free account and access your personalized content collection with our latest publications and analyses.

Sign up for free

License and Republishing

World Economic Forum articles may be republished in accordance with the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International Public License, and in accordance with our Terms of Use.

The views expressed in this article are those of the author alone and not the World Economic Forum.

Related topics:
Energy TransitionClimate Action
World Economic Forum logo
Global Agenda

The Agenda Weekly

A weekly update of the most important issues driving the global agenda

Subscribe today

You can unsubscribe at any time using the link in our emails. For more details, review our privacy policy.

Annual Meeting of the New Champions 2024: What to know and how to follow

Gayle Markovitz and Beatrice Di Caro

June 18, 2024

About Us



Partners & Members

  • Join Us

Language Editions

Privacy Policy & Terms of Service

© 2024 World Economic Forum