Worldwide 2018 renewable capacity growth matched previous year's record high growth!!!

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Last edited Thu May 9, 2019, 05:03 PM - Edit history (3)

Growth in renewable energy capacity didn’t increase in 2018, Chemical and Engineering News, 5/8/19

https://cen.acs.org/business/investment/Growth-renewable-energy-capacity-didnt/97/i19

Last year, for the first time since 2001, the world did not increase its rate of growth for new capacity to produce renewable energy, according to an analysis from the International Energy Agency.

That’s a problem because meeting the goals of the Paris Agreement to curb greenhouse gas emissions will require 300 gigawatts (GW) of new capacity every year until 2030. In both 2017 and 2018, new capacity grew by only 177 GW.

Not only that, but energy-related emissions of CO2 went up last year by 1.7%, reaching 33 gigatons, a historic high.

... Growth in solar flattened in 2018 after the Chinese government made a sudden move to cap incentives to curb its own costs and slowed the construction of new projects and to catch up on infrastructure to tie solar projects to the electric grid. The changes caused new solar installations in China to fall to 44 GW in 2018 from 53 GW in 2017.

Worldwide, the amount of renewable energy capacity additions grew every year for 17 years (each year's capacity additions were larger than that of the year before). 2018 is the first year when new capacity additions did not exceed the previous year's amount.



EDITED 5/9 258p ET / 1158a PT

The old thread title was: "Renewable growth rate flatlined in 2018 -- same 177 GW capacity addition in 2018 as in 2017"

but I decided, for the fun of it, to give it a new positive spin

"Worldwide 2018 renewable capacity growth matched previous year's record high growth!!!"

And to give it a kick

[progree]

1. New positive sounding title and a kick. n/t