Thanks to the rapid development of wind and solar power, especially in China, the share of green electricity in global power generation will rise from 29.4% in 2022 to 30.3% in 2023. Hydropower and other renewable energy sources, such as bioenergy, also contribute to renewable energy generation.
Thanks to the rapid development of wind and solar power, especially in China, the share of green electricity in global power generation will rise from 29.4% in 2022 to 30.3% in 2023. Hydropower and other renewable energy sources, such as bioenergy, also contribute to renewable energy generation.
In particular, China is making a significant contribution to global wind and solar power growth in 2023. It added 51 percent of the world's new solar power and 60 percent of new wind power. China's solar and wind capacity and electricity generation growth will remain high in the coming years.
To meet global climate goals, green power deployment must grow faster in the coming years. Models show that wind and solar will have to account for about 40 percent of global electricity generation by the end of the decade, about three times their current contribution, to meet the goal of limiting global warming to 1.5°C.