Renewable power reached a record 30% of global electricity last year, marking a milestone in the transition away from fossil fuels.
Climate change think-tank Ember said with booming construction of solar and wind in 2023, “a new era of falling fossil generation is imminent”.
“The world is now at a turning point where solar and wind not only slow emissions growth, but actually start to push fossil generation into decline,” it said.
The expansion of clean capacity would have been enough to deliver a fall in global power sector emissions in 2023. However, drought caused a five-year low in hydropower, which created a shortfall that was met in large part by coal.
But Ember said the latest forecasts give confidence that 2024 will begin a new era of falling fossil generation, marking 2023 as the likely peak of power sector emissions.
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