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China produced 31% of global renewable electricity, followed by the United States (11%), Brazil (6.4%), Canada (5.4%) and India (3.9%). [1] Renewable investment reached almost $500 billion globally in 2022, [2] amounting to 83% of new electric capacity that year. [3] The renewable energy industry employs almost 14 million people. [4]
English: This chart displays data on global renewable energy production for the year 2023. It highlights the top renewable energy producers in each continent and the percentage of renewable energy generated by each type of source: hydroelectric, solar power, wind power, geothermal energy, biomass and other.
The agreement also called for a tripling of global renewable energy capacity by 2030, [4] [75] the development of numerous "zero- and low-emission technologies", [4] further efforts "towards the phase-down of unabated coal power" [4] and a cut in methane emissions. [75]
In contrast, controllable renewable energy sources include dammed hydroelectricity, bioenergy, or geothermal power. Percentages of various types of sources in the top renewable energy-producing countries across each geographical region in 2023. Renewable energy systems have rapidly become more efficient and cheaper over the past 30 years. [3]
(a) Tripling renewable energy capacity globally and doubling the global average annual rate of energy efficiency improvements by 2030; (d) Transitioning away from fossil fuels in energy systems, in a just, orderly and equitable manner, accelerating action in this critical decade, so as to achieve net zero by 2050 in keeping with the science;
While crude oil and natural gas are also being phased out in chemical processes (e.g. production of new building blocks for plastics) as the circular economy and biobased economy (e.g. bioplastics) are being developed [16] to reduce plastic pollution, the fossil fuel phase out specifically aims to end the burning of fossil fuels and the consequent production of greenhouse gases.
In 2022, the total global photovoltaic capacity increased by 228 GW, with a 24% growth year-on-year of new installations. As a result, the total global capacity exceeded 1,185 GW by the end of the year. [9] Asia was the biggest installer of solar in 2022, with 60% of new capacity and 60% of total capacity.
Latvia's wind capacity grew by 75%, the largest percent increase in 2022. [3] In November 2018, wind power generation in Scotland was higher than the country's electricity consumption during the month. [5] Wind power's share of worldwide electricity usage in 2023 was 7.8%, up from 7.3% from the prior year.
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