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

Our Impact

The Big Picture

Explore and monitor how Energy Transition is affecting economies, industries and global issues

Crowdsource Innovation

Get involved with our crowdsourced digital platform to deliver impact at scale

Stay up to date:

Energy Transition

Listen to the article

Discover

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

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.

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.