IEA says renewable energy surpassed coal to become largest source of installed power

IEA says renewable energy surpassed coal to become largest source of installed power

IEA says renewable energy surpassed coal to become largest source of installed power

Written by Tharushan Fernando

26 Oct, 2016 | 3:00 pm

The International Energy Agency said that renewable energy has surpassed coal last year, to become the largest source of installed power capacity in the world.

The latest edition of the IEA’s Medium-Term Renewable Market Report now sees renewable energy sources growing 13% more between 2015 and 2021 than it did in last year’s forecast.

It adds that about half a million solar panels were installed every day around the world last year. The IEA notes that In China, which accounted for about half the wind additions and 40% of all renewable capacity increases, two wind turbines were installed every hour in 2015.

The IEA says that cutting deadly air pollution and diversifying energy supplies to improve energy security play an equally strong role in growing low-carbon energy sources, especially in emerging Asia.

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