Renewables crossed 10 % line in global power generation last year

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Renewables made a record contribution to global grids in 2021, but coal-fired power and emissions jumped to new highs, according to BloombergNEF’s Power Transition Trends

The world’s wind and solar projects combined to meet more than a tenth of global electricity demand for the first time in 2021, according to research company BloombergNEF (BNEF). At the same time overall electricity demand, production from coal-fired power plants, and emissions all surged in 2021 as the global economy regained its footing following the Covid-19 pandemic. Michael R. Bloomberg, UN Secretary General’s Special Envoy for Climate Ambition and Solutions, and Founder of Bloomberg LP and Bloomberg Philanthropies, said: “New spikes in coal generation are a troubling sign for... ... More: Official Press Release BloombergNEF

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BNEF, wind, solar, global, power generation, renewables, report, energy transition, trend, emission, costs, coal generation, grid