28 Oct '16, 4am

IEA Report: Renewable Energy Takes Lead Over Coal in Energy Capacity Last Year

IEA Report: Renewable Energy Takes Lead Over Coal in Energy Capacity Last Year

Growth in new wind and solar projects helped renewable energy surpass coal as the largest global source of installed power capacity for 2015. The International Energy Agency reported that in 2015 about 153 GW (gigawatts) of renewables (including 66 GW wind and 49 GW solar) were added. That was 15 percent higher than in 2014. IEA forecasts renewable energy will be the fastest-growing source of electricity generation over the next five years. Global market share of power generation would increase from 23 percent in 2015 to 28 percent in 2021. That will be good news to advocates of plug-in electrified vehicles, who can be demoralized by studies reporting that zero emission vehicles are offset by coal-powered electricity generation. The agency reported that strong government policies to install new wind and solar energy projects, along with significant cost reduction, was a dr...

Full article: http://www.hybridcars.com/iea-report-renewable-energy-tak...

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