NEW: 'Global renewable energy capacity set to double over next five years'

• Published date: 12 December 2022
• Publication title: The Sunday Mail

Global renewable energy capacity is expected to almost double in the next five years as the ongoing energy crisis is driving a sharp acceleration of installations of renewable power projects, the International Energy Agency (IEA) said on Tuesday in 'Renewables 2022,' its annual report on the sector.

Global renewable power capacity is expected to grow by 2 400 gigawatts (GW) over the 2022-2027 period, which will allow it to overtake coal as the largest source of electricity generation by early 2025, the IEA said.

Renewables are set to account for over 90 percent of global electricity expansion over the next five years, and will help keep alive the possibility of limiting global warming to 1,5 degrees Celsius, the agency said.

'Renewables were already expanding quickly, but the global energy crisis has kicked them into an extraordinary new phase of...