Renewables trends

Tripling Renewables a climate victory

Wind and Solar on the rise

The most significant achievement of 2023 was undoubtedly at COP28, where renewables were prioritised on the UNFCCC agenda, resulting in a commitment to triple global renewable energy capacity.

This commitment was reinforced by a remarkable milestone in 2023: renewable energy accounted for 30% of global electricity generation.

This was primarily driven by the continuous growth of wind and solar power, which together set a new record by contributing 13.4% to the global electricity mix. This marks an increase of 1.5 percentage points from the 11.9% recorded in 2022. Wind and solar generation have been on this upward trend for approximately a decade.