So, you’re telling me there’s a chance

Shhhhh, did you hear that? The winds of energy change are blowing.

According to a new International Energy Agency report published yesterday, more than 90% of all global electricity expansion over the next five years is expected to come from renewables. Which, per the agency, keeps alive the possibility of limiting global warming to 1.5 °C above pre-industrial levels – otherwise known as the goal set by the Paris Accords.

• The IEA is now projecting global renewable energy capacity will increase by 2,400 gigawatts over the next five years, an amount equal to the entire capacity of China today. That’s a 30% increase over the IEA’s forecast a year ago.
• The agency now also projects that renewables will surpass coal as the largest source of global power generation by 2025.

🌳📈 Driving the trend: An ongoing global energy crisis (thanks, Russia), plus ever-advancing technology, means renewable energy is becoming a less expensive alternative than fossil fuels. Per the World Economic Forum, large-scale solar and wind farms are now the cheapest ways to generate electricity across a majority of the world.