The latest REN21 Renewables Global Status report was published on Sunday (June 3) and claims that renewable projects accounted for 70% of all new power additions last year, representing 178GW of increased capacity worldwide. Another encouraging finding was that investment in new renewable power capacity last year was more than double that of new fossil fuel and nuclear power capacity combined – a trend the report attributes to falling renewables prices. But, the report warned that while the transition to renewables is well under way in the power sector, the heating, cooling and transport sectors – which together account for 80% of final energy use – continued to lag. It claims that globally, only 10% of final energy use in the heating and cooling sector is met with modern renewables, while the figure stands at just 3% for transport.
Edie 4th June 2018 read more »