Renewable Energy is Expected to Make a Record Rise in 2022

Chile has set an ambitious target to convert 70% of its total energy consumption to renewables by 2030 and become carbon neutral by 2050. Through broad-based political support, public-private partnerships, and innovative green technologies, Chile offers a playbook for policymakers around the world to transition towards renewable energy.
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Chile has set an ambitious target to convert 70% of its total energy consumption to renewables by 2030 and become carbon neutral by 2050. Through broad-based political support, public-private partnerships, and innovative green technologies, Chile offers a playbook for policymakers around the world to transition towards renewable energy.

Reading Time: < 1 minute

Takeaways:

  • The International Energy Agency is forecasting a significant growth in renewable energy as a result of rising concerns over climate change and energy security.
  • They forecast 320 gigawatts of renewable energy this year compared to the 295 gigawatts in 2021.
  • “Energy market developments in recent months – especially in Europe – have proven once again the essential role of renewables in improving energy security, in addition to their well-established effectiveness at reducing emissions” said Fatih Birol, the International Energy Agency Executive Director.

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