International Energy Agency: Global installed capacity of renewable energy is expected to double in the next five years

The "2022 Renewable Energy Report" released by the International Energy Agency on the 6th pointed out that driven by the energy crisis, the installation of renewable energy in various countries has accelerated significantly, and the global installed capacity increase in the next five years is expected to be close to twice the increase in the previous five years
.

The report predicts that between 2022 and 2027, the installed capacity of renewable energy generation will increase by 2,400 GW, accounting for more than
90% of the global electricity increase.
By early 2025, renewables will overtake coal to become the world's largest source
of electricity.

Fatih Birol, executive director of the International Energy Agency, said that the world's new renewable energy generation in the next five years will be equal to the increase in the previous 20 years, which clearly shows that the current energy crisis can be a historical turning point to make the global energy system cleaner and safer
.

The report predicts that in the next five years, the installed capacity of renewable energy in Europe is expected to double the increase in the previous five-year period, China's increase will account for nearly half of the global increase, and the United States and India will also grow significantly
in renewable energy.

In terms of energy type, global photovoltaic power generation capacity will triple and wind power generation capacity will nearly double, and the sum of the two will account for more than
90% of the world's new renewable energy generation capacity.
Global demand for biofuels will grow by 22%.