RENEWABLES HAVE EDGED out coal as the biggest source of electricity

• Renewable energy has become the largest source of electricity, surpassing coal in the first half of this year, according to the Ember report.

• The growth in renewables, driven by record solar and wind energy, is occurring amidst increased global electricity demand influenced by geopolitical crises.

• Significant gains in clean energy are notable in China and India, with India projected to become the second-largest renewables market by 2030.

• In developing countries across Asia and Africa, supportive policies are fostering a climate-friendly energy transition.

• However, challenges persist in developed nations: Europe faces increased fossil-fuel generation due to adverse weather conditions, while the U.S. has encountered setbacks in clean-energy policies.

• The International Energy Agency has reduced its growth expectations for U.S. renewable capacity significantly.

• The report stresses that many tools exist to accelerate the energy transition, but developing countries need support to overcome financial and capacity challenges.

• Historic emissions from developed economies highlight the need for their assistance in achieving net zero targets.

• Initiatives like the India-led International Solar Alliance and China’s manufacturing system are potential catalysts for lowering solar energy costs globally.

Renewable energy surpasses coal is important topic for Civil service exam (WBCS).

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