Clean Energy Powered 40% of Global Electricity in 2024, Report Finds
A recent report from the energy thinktank Ember reveals that clean energy sources constituted over 40% of global electricity consumption in 2024, marking a significant milestone not seen since the 1940s. This growth is largely attributed to a substantial increase in solar power capacity, which has doubled in the past three years, solidifying its position as the fastest-growing energy source worldwide for two decades.
According to Ember’s managing director, Phil MacDonald, solar power is pivotal in the ongoing energy transition, especially when combined with battery storage. Despite its rapid growth, solar energy only accounted for nearly 7% of total electricity last year, compared to 8% from wind energy and a steady 14% from hydro power.
Key Points
- Clean energy powered over 40% of global electricity for the first time in over 80 years.
- Solar power capacity has doubled in the last three years, being the fastest-growing source of electricity for two decades.
- Solar energy accounted for nearly 7% of global electricity in 2024, while wind contributed just over 8%.
- Hydro power remains the dominant source, contributing 14% to global electricity consumption.
- Solar power, coupled with battery storage, is positioned to play a critical role in meeting increasing electricity demands worldwide.
Why should I read this?
This article highlights a crucial point in the global shift towards renewable energy sources, emphasising the rapid advancements and growing reliance on solar power. Understanding these trends is essential for both consumers and industry stakeholders, as they navigate the evolving energy landscape and its implications for policy, investment, and sustainability.
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