An alignment of economic forces, global population growth, the threat of climate change and rapid technological advances has set in motion a transformation of the global energy system. A new system based on renewables would enhance energy access and security, create jobs and safeguard health and the environment, IRENA’s report argues.
- Renewable energy has moved from the margins to the majority in both investment and new capacity additions.
- It now represents a major portion of the global power supply – and is growing at unprecedented scale.
- Financing renewables is becoming cheaper and easier.
