Key findings of IEA's Renewable Energy Market Update - Outlook for 2023 and 2024 - Event - IEA
Key findings of IEA's Renewable Energy Market Update - Outlook for 2023 and 2024 - Event - IEA
14 Jun 2023
On 01 June, we released the June 2023 edition of our Renewable Energy Market Update.
In exploring the most recent market and policy developments as of April 2022, our Renewable Energy Market Update forecasts new global renewable power capacity additions and biofuel demand for 2023 and 2024. It also discusses key uncertainties and policy-related implications that may affect projections for 2024 and beyond. In this webinar, IEA experts will discuss the key findings of the report.
Related Knowledge Center: ENERGY BASICS: renewables
Renewable energy sources — once the fuel of the future, then practical in specific, narrow applications — are increasingly economic mainstream sources of power generation. Hydropower was long the mainstay of U.S. renewable electricity generation, although wind power surpassed hydro for the first time in 2019, and solar continues its rapid growth. The continued growth of wind and solar, with their fluctuations, is tied in part to improvements in storage technology: batteries.