
OUR energy crisis gives an unprecedented impetus to the development renewable energy sources, whose global capacity is expected to almost double in the next five years. This is the conclusion of the International Energy Agency, documenting the response of countries and industries to the surge in energy prices and competition for energy.
According to the International Energy Agency’s 2022 Renewable Energy Report, the world will develop the same renewable energy potential in the next five years as it did in the previous twenty years.
By 2025, solar and wind energy in particular will become the world’s main source of electricity, dethroning coal as countries seek to reduce their dependence on fossil sources, especially after Russia’s invasion of Ukraine.
Global renewable energy capacity will increase by 2,400 gigawatts (GW) in 2022-2027 to match China’s current total electricity generation capacity and a third more than industry experts predicted a year ago, according to International Energy Agency analysts’ calculations. . The agency, which advises states on their energy policies, highlights “the speed with which governments have made sure to push renewables a little more.”
This is especially true in Europe, which is seeking to replace Russian natural gas and where the infrastructure to be built over the next five years will double the amount of infrastructure built in the previous five years.
Elsewhere in the world, the US and India are leading the race, plotting and implementing market reforms at an unexpected pace.
“The example of renewable energy shows that the energy crisis could prove to be a historic turning point towards a cleaner and safer global energy system,” said Organization Director Fatih Birol, who recalls that “this acceleration is critical. if we want to maintain the ability to limit temperature rise to 1.5°C above pre-industrial levels.”
From a technological point of view, solar energy and ground wind are currently the least expensive means of generating electricity in most countries. The report predicts a tripling of the global solar fleet over the five-year period from 2022 to 2027, mostly on rooftops and homes, as consumers seek to cut their bills and wind power capacity is expected to double over that period.
Finally, the demand for biofuels is expected to increase by 22%, mainly in the US, Canada, Brazil, Indonesia and India, which have taken steps to support this form of energy.
Source: Kathimerini

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