Global Renewable Energy Generation Achieves Record Growth in 2024
Global Renewable Energy Generation Achieves Record Growth in 2024
Global · Published Jul 15, 2026
The International Renewable Energy Agency (IRENA) has reported a 9.8% increase in global renewable electricity generation in 2024, marking the fastest growth rate ever recorded.
Renewables accounted for 31.7% of global electricity generation, totaling 9836 TWh.

Impact & Risks

The rapid growth in renewable energy benefits global energy security, reduces greenhouse gas emissions, and mitigates the economic risks associated with fossil fuel price fluctuations. However, the transition remains uneven, with vulnerable nations requiring significant financial and technical support. Achieving the 2035 target will demand unprecedented expansion in renewable capacity, posing challenges in infrastructure, investment, and policy alignment.

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