World Set to Add 'Record-Breaking' Renewables to Electricity Systems: New IEA Report

June 12, 2023 EcoVadis EN


A new report from the International Energy Agency (IEA) shows that renewable power capacity additions are set to rise by a third globally this year, with wind and solar photovoltaic (PV) leading the way.

Prompted by the worldwide energy crisis, it will be the largest yearly increase ever.

According to the report, concerns about energy security and increased fossil fuel prices have driven strong wind power and solar PV deployment.

“Solar and wind are leading the rapid expansion of the new global energy economy. This year, the world is set to add a record-breaking amount of renewables to electricity systems – more than the total power capacity of Germany and Spain combined,” said IEA Executive Director Fatih Birol in a press release from the IEA.


Read the full article at: www.ecowatch.com

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EcoVadis EN

EcoVadis is a purpose-driven company whose mission is to provide the world's most trusted business sustainability ratings. Businesses of all sizes rely on EcoVadis’ expert intelligence and evidence-based ratings to manage risk and compliance, drive decarbonization, and improve the sustainability performance of their business and value chain. Its AI-powered risk mapping, actionable scorecards, benchmarks, carbon action tools, and insights guide a resilience and improvement journey for environmental, social and ethical practices across 200 industry categories and 175 countries.

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