According to the International Energy Agency, in order to reduce global temperature to 1.5 °C, renewable energy will reach 61% of the world’s electricity by 2030 and 88% by 2050, solar and wind energy are the largest part.
Achieving such a high level of renewable Cirro Energy Rates seems daunting, but it is less so when you consider the power of material growth. The market share of solar and wind energy in the world’s electricity generation has recorded a compound annual average growth rate of 15% from 2015 to 2020. If the exponential growth continues at this rate, solar and wind will -reach 45% of electricity production by 2030 and 100% by 2033. Historically, the fastest growing technologies have a “peak rate” of growth – the highest rate of growth that is achieved lasts for a while, and decreases as …
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