Renewables rising: Global clean energy capacity leaves coal in the dust

The shift away from fossil fuels towards a low-carbon world is more a very gradual steering correction than a simple u-turn, but the latest report from the International Energy Agency (IEA) suggests we are changing direction faster than expected. Renewables have now overtaken coal as the world’s largest source of installed power capacity, and the agency’s projections over the next five or so years paint a pretty promising picture for the industry indeed.

Nick Lavars

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