The share of renewables in the global power mix has increased by 10 percentage points since 2010 to 30%.
Since 2010, ambitious renewable policies and falling production costs for solar and wind power have contributed to significantly raise the share of renewables in the power mix, to 30% in 2023 (+10 pts. since 2010). In 2023, this share only increased by 0.6 pt., as the growth in wind and solar power generation was offset by a lower hydropower generation in many countries.
The share of renewables in the power mix is historically high in countries with large hydropower resources such as Brazil, Colombia, Canada, New Zealand, Sweden or Norway (over 2/3 of the electricity generated).
Climate change and El Niño contributed to cut hydropower generation (-3%) in many countries: the share of renewables in the power mix thus stagnated in the US and China, and declined in India, Canada, and Mexico). In the EU, where hydropower and renewable power generation increased, this share rose by nearly 6 pts. to 45%. As well, rising renewable power generation raised this share by 2.8 pts. in Australia to nearly 34% and by 7 pts. to 64% in Chile.
Our 2024 edition of Global Energy Trends presents insights on essential energy data and evaluates the COP28 pledge to determine if current trends support the tripling of renewable capacity and the doubling of energy efficiency by 2030.
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