Solar Surge to Send Coal Power Tumbling by 2030
The IEA's World Energy Outlook 2024 report reveals that solar energy will surpass nuclear, wind, hydro, gas, and coal within a decade.
Image for illustration purposes.
According to the International Energy Agency (IEA), solar power is to quadruple by 2030, leading to a significant decline in coal power generation.
The report highlights the rapid growth of solar energy, driven by declining costs and increasing demand for clean energy. The IEA predicts that solar power will account for 27% of global electricity generation by 2030, up from 7% in 2020. This growth will be driven by the increasing adoption of solar energy in countries such as China, India, and the United States.
The surge in solar energy will have a significant impact on coal power generation, which is expected to decline by 20% by 2030. The IEA reports that coal power generation will fall from 38% of global electricity generation in 2020 to 28% in 2030.
The IEA’s report also highlights the importance of energy efficiency and electrification in reducing greenhouse gas emissions. The agency predicts that the world will enter the “age of electricity” by 2030, with clean electricity and energy efficiency driving a significant reduction in fossil fuel use.
Source: CarbonBrief
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