The renewable energy industry has experienced impressive growth over the past decade. In 2022, renewable energy deployments grew by double digits worldwide.1 However, only 14 percent of all energy use currently comes from renewable sources.2
Renewable energy is estimated to make up 77% of the world's primary energy supply by 2050.3 To achieve this target, the deployment of renewable energy must triple from 2022 levels by 2030, which amounts to an annual addition of 1,200 gigawatts.4
What are the prospects for the global renewable energy industry to bridge the gap and deliver the desired speed and scale of growth by 2050?
