Renewable growth set to outpace all other energy sources

Renewables are set to grow faster than any major energy source in the next decade, according to a new report.

The latest annual review from the International Energy Agency (IEA) said the world is expected to build more renewable energy projects in the next five years than over the last 40.

It also highlights fast-growing demand for power, expected to rise by 40% over the next decade as the increase in electric cars and AI data centres continues.

The report also underlines how energy has risen up the political agenda in recent years.

“When we look at the history of the energy world in recent decades, there is no other time when energy security tensions have applied to so many fuels and technologies at once,” said IEA Executive Director Fatih Birol.

 “With energy security front and centre for many governments, their responses need to consider the synergies and trade-offs that can arise with other policy goals – on affordability, access, competitiveness and climate change.”