PARIS: Renewable energy grew at its fastest rate in two decades, driven primarily by gains in China and wind power, the International Energy Agency said in a report Tuesday. That was the biggest gain since 1999, and equivalent to total power production capacity in the 10 Southeast Asian nations in the Asean trade bloc. Renewable energy accounted for 90 percent of new electricity generation installed last year. The IEA noted that nations pushed forward with plans for renewable production at a record rate despite the Covid-19 pandemic temporarily reducing demand. China’s share of the new renewable energy production installed hit 50 percent last year as projects were rushed to completion ahead of subsidies being phased out, the agency said.

Source: Manila Times May 11, 2021 05:15 UTC