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IEA: global green energy growth 20 drops for the first time

Release Time:2020-10-12 16:04:21      Number of hits:
The novel coronavirus pneumonia epidemic will be the first annual reduction in 20 years this year, but the next year's value-added growth rate will accelerate, the IEA said on Wednesday.
IEA: global green energy growth 20 drops for the first time
This year, the world will reduce the construction of wind turbines, solar power plants and other renewable power facilities, as energy demand in the commercial and industrial sectors has fallen, and logistics problems have delayed the implementation of projects.
"Countries are continuing to build new wind turbines and solar power plants, but at a slower pace," said Fatih Birol, IEA's executive director
"Even before the coronavirus outbreak, the world needs to significantly accelerate the deployment of renewable energy to have the opportunity to meet its energy and climate goals."
According to the latest report on renewable energy market issued by the International Energy Agency, the supplementary installed capacity of renewable energy is expected to be 167 GW this year, 13% less than last year.
But the total capacity of global renewable energy is still expanding and will grow by 6% by 2020.
The rebound in economic growth this year reflects delays in construction activities due to supply chain disruptions, closures, social alienation and financing challenges.
Renewable power generation is expected to rebound to 2019 levels next year, as some of the replaced projects come on stream, assuming the government continues to implement supportive policies.