Listen to more stories on the Noa app. Last month, an energy think tank released some rare good news for the climate: The world is on track to install 29 percent more solar capacity this year than it did the year before, according to a report from Ember.
Yet here we are. In the United States, solar accounted for more than half of all new power last year. But the most dramatic growth is happening overseas. The latest global report from the International Energy Agency (IEA) notes that solar is on track to overtake all other forms of energy by 2033.
In addition to supplying the rest of the world with panels, China installed more than half of the planet’s new solar capacity within its own borders in 2023, and the Ember report says it’s on track to add a similar amount this year. In 2023, the country more than doubled its own solar capacity year over year.
But the most dramatic growth is happening overseas. The latest global report from the International Energy Agency (IEA) notes that solar is on track to overtake all other forms of energy by 2033. The world’s use of fossil fuels is already plateauing (the U.S., for its part, hit its peak demand for fossil-fuel energy way back in 2007).
The global solar market is burgeoning, and it’s predicted that the world will have 1 trillion watts of installed solar PV capacity by 2023.
According to Bahar, it’s the only promise of the many made in Dubai that’s likely to even be close to fulfilled: The world is on track to add 2.7 times its renewable capacity by then, and 80 percent of that increase will come from solar.
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