Governments have been urged to prioritise spending on renewables as new figures show they accounted for three-quarters of electricity generation capacity built in 2019, according to new figures.
The International Renewable Energy Agency (Irena) said solar, wind and other green technologies now generate more than one-third of the world’s power.
However, Francesco La Camera, director general of Irena, said although the trend is positive, more is required to put global energy on a path with sustainable development and climate mitigation.”
“At this challenging time, we are reminded of the importance of building resilience into our economies.”
La Camera said the huge spending planned by governments in response to the coronavirus pandemic must support green initiatives rather than fossil fuels.
“In responding to today’s crisis, governments may be tempted to focus on short-term solutions,” he said.
“Yet distinctions between short-, medium- and long-term challenges may be deceptive. The pandemic shows that delayed action brings significant economic consequences.”