Wind and solar are growing faster than any other sources of electricity in history, according to new analysis from thinktank Ember.
It says they are now growing fast enough to exceed rising demand, meaning there will be a peak in fossil fuel electricity generation – and emissions – from this year.
As a result, Ember says in its latest annual review of global electricity data that a “new era of falling fossil fuel generation is imminent”.
Renewables met a record 30% of global electricity demand in 2023 and emissions from the sector would already have peaked if not for a record fall in hydropower, the analysis says.
