In 2024, renewable energy experienced a record-breaking year, driven primarily by a surge in solar energy production in China. According to Euronews, the growth was powered by a significant increase in solar capacity additions, market trends, and policy support. China, the world’s largest emitter of greenhouse gases, set a record for the second consecutive year, with solar power output reaching 245 gigawatts (GW).
The country’s renewable energy capacity expanded by 14.3% in 2024, with solar energy accounting for 44.1% of the total growth. This growth was largely due to favorable policies, including subsidies, tax breaks, and grid-based policies, as well as decreasing costs for solar panel production. As a result, China now has over 400 GW of installed solar capacity, making it the world’s largest solar market.
Globally, renewable energy capacity increased by 12.2% in 2024, with solar power being the leading source, accounting for 44.6% of the growth. This growth was driven by declining costs, advances in technology, and supportive policies. In addition, the increased adoption of renewable energy was fueled by the growing awareness of the importance of addressing climate change and the need for sustainable energy solutions.
The International Energy Agency (IEA) reported that in 2024, renewable energy accounted for 38% of global electricity generation, up from 22% in 2010. This rapid growth in renewable energy is crucial for meeting the world’s climate goals, as it can help reduce greenhouse gas emissions, alleviate air pollution, and create jobs in the clean energy sector.
The growth of renewable energy, particularly solar power, has led to significant job growth in the clean energy sector. The International Renewable Energy Agency (IRENA) reports that the renewable energy sector employed over 11.4 million people globally in 2024, with the number expected to increase to 20 million by 2030.
The rise of renewable energy is also driving innovation, as companies and governments invest in research and development to improve efficiency and reduce costs. This has led to the development of new technologies, such as advanced solar panels, energy storage systems, and smart grids, which will further accelerate the transition to a low-carbon economy.
In conclusion, the 2024 record growth in renewable energy, driven by China’s solar boom, is a significant step towards a sustainable energy future. As the world continues to transition away from fossil fuels, the demand for clean energy solutions will only continue to grow, driving innovation, creating jobs, and reducing greenhouse gas emissions.