According to reports, by 2023, the total global photovoltaic power generation will increase from 391 GW in 2017 to nearly 600 GW, making photovoltaic power generation capacity more than the sum of all other renewable energy technologies or more, can reach twice the total capacity of Japan.
The International Energy Agency said in a report, “This growth is expected to continue. It is estimated that solar photovoltaic capacity will reach 1000 GW by 2030. China is still the absolute solar photovoltaic power generation, accounting for nearly 40% of the world. The United States is still solar photovoltaic The second largest growth market for power generation, followed by India, has doubled its production capacity. “The study also points out that wind energy will continue to be the second largest contributor to renewable energy growth, with an expected growth rate of 60%. By 2023, water and electricity will be the largest renewable energy sources.
According to the International Energy Agency, Hyundai Bioenergy will achieve maximum growth in renewable resources between 2018 and 2023, and renewable energy will continue to expand over the next five years, covering 40% of global energy consumption growth. Their use will continue to increase rapidly in the power sector and will account for nearly one-third of the world’s total power generation in 2023.
According to the Executive Director of the International Energy Agency, “modern bioenergy is a neglected giant in the field of renewable energy. It accounts for about 50% of the world’s total renewable energy consumption, like water, electricity, wind, solar. As with all other renewable energy sources, the right policies and strict sustainability regulations are essential to unlock the full potential of the bioenergy sector.”
The International Energy Agency also stressed that the use and expansion of renewable energy in the transportation and heating sectors has become slow due to weak policy support and deployment barriers. Therefore, the development and growth of renewable energy in both sectors is critical to achieving a comprehensive transition from energy production to low-carbon pathways.