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RENEWABLES PROVIDED RECORD 30% OF GLOBAL ELECTRICITY IN 2023
The growth of solar and wind power has propelled renewable generation to an unprecedented 30% of global electricity production in 2023, marking a significant milestone. This achievement brings the global target to triple renewable capacity by 2030 within reach, as envisioned by more than 100 countries at the COP28 climate summit in Dubai last year.
Reducing fossil fuel use and emissions in the power sector is considered essential for meeting global climate targets. The latest data from Ember's Global Electricity Review reveals that renewable sources contributed 30.3% of global electricity last year, up from 29.4% in 2022. This increase underscores the accelerating growth in renewable projects, particularly in solar energy, which has significantly expanded capacity.