Shulou(Shulou.com)11/24 Report--

Thanks to CTOnews.com netizen Alejandro86 for the clue delivery! CTOnews.com, October 25 (Xinhua)-- the rapid rise of clean energy technologies such as solar, wind, electric vehicles and heat pumps are reshaping the way factories, vehicles and energy are produced, according to the International Energy Agency (IEA) 'World Energy Outlook 2023' (WEO) released on Tuesday.

According to the WEO report, one out of every 25 cars sold in the world in 2020 was electric, while that proportion increased rapidly in 2023, with one out of every five cars sold.

The WEO report predicts that the number of electric vehicles on the world's roads will increase tenfold by 2030; solar photovoltaic power generation is expected to exceed the total power generation capacity of the United States. The share of renewable energy in the global power structure is expected to rise from about 30 per cent today to nearly 50 per cent.

The International Energy Agency says the growth of green energy is based entirely on the current policy plans of governments around the world. If countries can timely and fully implement their national energy and climate commitments, the progress of clean energy will be more rapid. However, stronger and stronger measures are needed around the world to have a chance to achieve the goal of keeping global temperature rise within 1.5 degrees Celsius.

The World Economic Outlook scenario, based on the current policy environment, shows that the growing dynamics behind clean energy technologies, coupled with global structural economic shifts, global demand for coal, oil and gas is likely to peak in 2030.

In this case, the share of fossil fuels in global energy supply is likely to fall from about 80 per cent in recent decades to 73 per cent in 2030, and global energy-related carbon dioxide emissions are expected to peak in 2025.

CTOnews.com attaches a link to the full report of World Energy Outlook 2023 (WEO), which you can click to read if you are interested.

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