China built out record amount of wind and solar power in 2024
Associated PressJAN 15
The energy transition is showing remarkable resilience despite political uncertainty and high interest rates. Record-breaking investment levels and significant growth in mature technologies demonstrate strong market confidence in clean energy solutions. This is a significant step toward the world reaching 60% renewable electricity by 2030, which is critical to meeting global climate goals.
The planet registered the highest temperatures on record in 2024. This shows that the current pace and scale of investment are falling dramatically short of what's needed for meaningful climate action. There's a particular weakness in emerging technologies and a concerning slowdown in growth rate from 24-29% in previous years to just 11% in 2024.