Onshore wind is leading the global surge in renewable energy production, accounting for over a third of the observed capacity and generation spike. Solar power accounts for another third, and hydroelectric power produces a fifth of new renewable power generation. The cost of constructing renewable energy power stations, wind turbines and solar panels is also decreasing in the medium term.
China, currently holding the ignominious title of the world’s largest producer of carbon emissions, is actually leading the pack here: They are responsible for 40% of global renewable capacity growth – enough to power the United Kingdom three times over. A recent joint agreement with the U.S. on climate change is, despite its record, changing global perception of China’s efforts to deal with global warming. There is, of course, a long way to go, but this report is welcome news in the lead up to the 2015 United Nations Climate Change Conference that’s being held in Paris at the end of November.