Record growth in renewables sources of energy
18.06.2024
2023 turned out to be a breakthrough year for renewable energy sources. For the first time, they provided 30% of the world’s electricity. This growth was mainly driven by solar and wind power. This marks the beginning of a new era of declining fossil fuel consumption. In the Global Electricity Review 2024 report, scientists from Ember summarize energy consumption and extraction in 2023.

A record share of renewable energy
Since 2000, the share of renewable energy sources in electricity production has increased from 19% to 30% in 2023. China accounted for the largest contribution, accounting for 51% of global solar power generation and 60% of wind power. Together with nuclear power, almost 40% of the world’s electricity came from low-carbon sources.
Solar dominance and hydroelectric decline
Solar energy has been the fastest-growing source of electricity for 19 years in a row. For the second time in a row, it became the largest source of new electricity. It provided more than twice as much as coal in 2023. The record increase in the number of installations at the end of 2023 suggests that the increase in solar energy production will be even greater in 2024. The drought caused hydropower production to fall to the lowest level in 5 years. This has increased the use of coal and resulted in a 1% increase in global emissions in the power sector.
Future predictions
Forecasts for 2024 show continued growth in clean energy, outpacing growth in demand. This should translate into a 2% decline in global fossil fuel consumption. Leaders at the UN’s COP28 climate change conference in December 2023 agreed to triple global renewable energy by 2030. This could cut the emissions of the energy sector in half and bring the world closer to the climate target of 1.5°C. This idea does not allow for the earths temperature to increase by more than 1.5 degrees Celsius in the near future.
Challenges and opportunities
Ambitious policy targets, incentive mechanisms and flexibility in the solutions are key enablers for the further development of renewable energy. The examples of China, Brazil and the Netherlands show that, despite different starting points, the right approach can lead to a rapid transformation of energy systems.
About the report
The Global Electricity Review 2024 report was prepared by Ember. Provides a detailed overview of changes in global electricity production in 2023 based on available data. It outlines key trends and their potential impact on energy sources and emission in the energy sector in the near future. In addition, Ember provides the first free, comprehensive database on global electricity generation in 2023.
The report analyzes data from 215 countries, including the latest data for 2023 from 80 countries. Together, they account for 92% of the world’s electricity demand. It also includes data for 13 geographical and economic groups, such as Africa, Asia, the EU, and the G7. The report also discusses in detail the 6 countries and regions that emit the most CO2. These regions account for over 72% of global emissions from the energy sector. The annex also provides an overview of 25 other polluting countries.
Source: The Ember Report „Global Electricity Review 2024”
- Everything
- News (262)
- Events (160)
- Get Support (82)
-
"DELIA COSMETICS" LLC
Cosmetics and detergentsShow allDelia Cosmetics – a Polish cosmetics manufacturer with 27 years of experience. Owner of brands: Delia, Cameleo, Humanist. Categories: eyebrow, face,body care, hair care and color, make-up, nails. Export to 75+ countries. Annual turnover: 35M EUR, 50M cosmetics/year. Affordable prices, high quality/design ratio. Partnerships with retail chains, beauty and drug stores,pharmacies, traditional market. 5 innovative labs, 2 production plants (10,000 m2) in Poland. Certificates ISO 9001, GMP, FDA.
HANEX.PL SPÓŁKA Z OGRANICZONĄ ODPOWIEDZIALNOŚCIĄ
Renovation and construction materialsShow allHanex.pl is a Polish supplier of building materials for pitched roofs. We offer metal roof tiles, gutter systems, roof windows, soffits, and a wide range of fasteners: wood and steel screws, wall plugs, and drywall accessories. Our products are dedicated to roofers and carpenters. We export proven solutions with fast delivery for wholesalers and contractors.
DATA Lab Odzyskiwanie Danych
We offer a wide range of data recovery services – regardless of the type of storage medium. We successfully recover data from HDD and SSD drives, RAID arrays, NAS servers, memory cards, USB flash drives, smartphones, tablets, and Apple/Macintosh devices. Additionally, we provide professional data erasure services – both software-based and hardware-based – using certified degaussers to ensure complete security and compliance with current standards.
DOBRA KLIMA SPÓŁKA Z OGRANICZONĄ ODPOWIEDZIALNOŚCIĄ
ServicesConstructionRenovation and construction materialsIndustrial machinery and mechanical appliances and parts thereofShow allDobraKlima is your partner with passion in the field of air conditioning, photovoltaics, heat pumps and solutions for thermal comfort. Our extensive experience in the air conditioning industry, both in system design and in their installation and service, allows us to deeply understand the needs and expectations of our customers. Innovation and precision are at the heart of our approach – it is advanced technologies and the professionalism of our specialists that show us that our solutions are.
-
Article
Tripling high-tech exports in the last 15 years
In 2024, exports of high-tech products from Poland reached EUR 37.25 bln, up 10.1% year-on-year
ArticleThe Polish Pavilion at Expo Osaka 2025 is open
An area where our cultural heritage inspires the future
-
Event
AGRO SHOW 2025
International Exhibition – Agro Show 2025 will be held between the 19th-21st September 2025, in Bedn…
EventKIELCE IFRE-EXPO 2025
The 5th International Trade Fair of Fire Brigade and Rescue Services Equipment will be held between …
-
Institution
Polish Investment and Trade Agency (PAIH)
The Polish Investment and Trade Agency (PAIH) is the partner of first-resort for entrepreneurs when …
InstitutionPolish Agency for Enterprise Development (PARP)
Polish Agency for Enterprise Development (PARP) mission is an implementation of economical developme…
The Export Promotion Portal uses cookies to make it easier for users to use the website and for statistical purposes. If you do not block these files, you agree to their use and saving in the memory of your computer or other device. Remember that you can change your browser settings to block the storage of cookies. More information can be found in Privacy Policy and Terms and conditions.