Renewable energy passes 30% of world’s electricity supply

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🗞️ Driving the news: Renewable energy sources such as wind and solar power have pushed their share of global electricity generation past 30% for the first time
• This shift comes amid rising overall electricity demand and a significant reduction in the growth rate of fossil fuel usage

🔭 The context: Renewables' growth from 19% in 2000 to over 30% in 2023 signifies a major shift in global energy patterns, driven by substantial advances in solar technology and increasing international commitments to reduce carbon emissions

🌍 Why it matters for the planet: This transition is critical in the global fight against climate change, helping to significantly slow the rate of growth in fossil fuel use and potentially marking 2023 as the year of peak emissions in the power sector

⏭️ What's next: The expectation is for a continued decline in fossil fuel generation, with an estimated 2% reduction in the upcoming year
• This hinges on the sustained rapid expansion of renewable energy capacities worldwide

💬 One quote: “The renewables future has arrived,” stated Dave Jones, Ember’s director of global insights. “Solar, in particular, is accelerating faster than anyone thought possible”

📈 One stat: Renewable energy now accounts for more than 30% of global electricity

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