China Is Showing the World What Renewable Energy Dominance Looks Like

China Is Showing the World What Renewable Energy Dominance Looks Like

A new report expects growth in Canadian renewable energy capacity to slow in the next five years compared to earlier projections, a decrease that comes after Ontario scrapped a contentious clean energy program aimed at boosting wind and solar supplies.

For the first time ever, there were more grid additions from solar power than another other type of fuel, the International Energy Agency said Wednesday. Coal in particular had continued to grow in recent years despite global targets to reduce carbon emissions.

The predicted growth in renewable power capacity is now 12 per cent higher than it was in last year's prediction.

The country has become a leader in renewable energy production, with the United States the second-largest market.

"What we are witnessing is the birth of a new era in solar PV [systems]", he said in a statement. As Dr. Paolo Frankl, one of the lead authors on the report, said on a call to reporters, "In one year, China will install the equivalent of the total history of solar development in Germany".

The report stressed the need for the developing Asia region and sub-Saharan Africa to step up their investment in renewables, particularly off-grid solar appliances to reach low-income populations. They along with China are projected to make up two-thirds of the clean-energy expansion worldwide. "We expect that solar PV capacity growth will be higher than any other renewable technology through 2022", said Dr Fatih Birol, executive director of the IEA.

This higher forecast is because of increase in predictions of China and India's solar PV additions.

The IEA said efforts by the Indian government to address distressed utilities meant total renewable power capacity will double by 2022.

By 2022, the amount of solar that has been installed globally will exceed the combined total electricity capacity of India and Japan today.

The IEA addressed the proposed tax plan, saying "the current uncertainty over proposed federal tax reforms, global trade, and energy policies could have implications for the relative economics of renewables and alter their expansion over the forecast period". The growth in renewable generation will be twice as large as that of gas and coal combined, the IEA said. Biofuels will still account for over 90% of renewable energy in road transport by 2022. But even considering the explosive growth of solar and wind, coal will remain the largest source of electricity under the current scenario.

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