Renewables, including solar, wind, hydro, biofuels and others, are at the centre of the transition to a less carbon-intensive and more sustainable energy system

Renewables have grown rapidly in recent years, driven by policy support and sharp cost reductions for solar photovoltaics and wind power in particular. The electricity sector remains the brightest spot for renewables with the strong growth of solar photovoltaics and wind in recent years, building on the already significant contribution of hydropower. But electricity accounts for only a fifth of global energy consumption, and the role of renewables in the transportation and heating sectors remains critical to the energy transition.

Renewable power needs to expand significantly to meet the IEA Net Zero Scenario share of 60% by 2030

In 2020, renewable electricity generation rose ~7%, with wind and solar PV technologies together accounting for almost 60% of this increase. The share of renewables in global electricity generation reached almost 29% in 2020, a record annual increase of two percentage points. However, the drop in electricity demand caused by the Covid-19 slowdown in economic activity and mobility is a key reason for this record. Renewable power deployment as a whole still needs to expand significantly to meet the Net Zero Emissions by 2050 Scenario share of more than 60% of generation by 2030.