IEA: Renewables displace coal

According to a recent International Energy Agency report, renewable energy will cover the majority of growing global electricity demand over the next two years. „The world is rapidly moving towards a tipping point where global electricity generation from fossil fuels begins to decline and is increasingly replaced by electricity from clean energy sources,“ the report concludes. By 2024, renewables could account for one-third of global electricity generation, the report said. The IEA predicts that electricity generation from oil will fall significantly over the next two years, and that from coal will decline slightly – after increasing by 1.7 percent in 2022.