Renewable Energy In 2030

Renewable energy sources, such as solar, wind, hydro, and geothermal, are expected to play a significant role in meeting global energy demand in 2030. The International Energy Agency (IEA) forecasts that by 2030, renewable energy will account for about 30% of global electricity generation, up from 24% in 2019.

The growth of renewable energy is driven by several factors, including the falling costs of renewable technologies, government policies, and targets to reduce greenhouse gas emissions, and increasing investment in renewable energy projects.

According to the IEA, solar power is expected to be the largest source of renewable energy in 2030, followed by wind power. The deployment of solar photovoltaics (PV) is expected to increase by nearly 600 GW, while onshore wind capacity is expected to grow by almost 400 GW. Hydropower is expected to remain the largest source of renewable electricity in 2030, but the growth rate of hydropower is expected to be slower than the growth rate of other renewable energy sources.

In addition to electricity generation, renewable energy is also expected to play a significant role in the heating and transportation sectors. The use of renewable energy in heating and transportation is expected to increase as governments and organizations work to reduce their dependence on fossil fuels.

It's worth noting that these projections are based on the trajectory and policies that were set in the past and current events can influence the future of the renewable energy industry