The global energy crisis is causing hardships for many, but it’s also driving growth in renewables, says the IEA. Here’s how

Jan 6, 2023

Renewables’ continued acceleration is critical to help keep the door open to limiting global warming to 1.5°C. Image: Unsplash/Nicholas Doherty

Stefan Ellerbeck

Senior Writer, Forum Agenda

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How is the World Economic Forum driving the energy transition?

Renewables are expected to account for over 90% of global electricity capacity in the next five years. Image: IEA

The REPowerEU plan aims to end European reliance on Russian fossil fuels by 2027 and increase the share of renewables in final energy consumption to 45% by 2030. Image: IEA

Renewables are the only electricity generation source expected to grow in the next five years. Image: IEA

A graph showing share of cumulative power capacity by technology, 2010-2027.

Installed Solar power capacity is forecast to surpass that of coal by 2027. Image: IEA

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