🏭 🌍 GEM's 10th annual survey of the world’s coal fleet—produced w/@e3g.bsky.social, @reclaimfinance.org, @sierraclub.org & more—returns w/a major milestone:
In 2024, new coal power additions fell to their lowest level in 20 years.
globalenergymonitor.org/report/boom-...
The key trends to know 🧵👇
⚡2024 saw a record 35GW added to India’s power sector, comprising mostly solar PV (24.5GW) and wind (3.4GW).
Great progress, but these additions must grow ~15% per year to meet the 2030 target of 500GW non-fossil capacity 🎯
Read more in our latest briefing globalenergymonitor.org/report/despi...
Graph showing wind and utility-scale solar capacity globally by year and status, in terawatts (TW). The graph clearly shows the doubling of planned wind and solar capacity from 2022 to 2024, separating the statuses into construction, pre-construction, and announced phases with the latter two taking up the bulk of the increase. Source: GEM's Global Solar Power Tracker and Global Wind Power Tracker. Note: Data include only solar project phases with a capacity of 1 MW and wind project phases with a capacity of 10 MW or more. All solar capacities are reported in MWac.
🌍 Wind & solar capacity grew 20% in 2024, but the world must move faster to get projects online.
Failing to do so could jeopardize the pace & scale necessary for meeting the goal of tripling renewables capacity by 2030 set at #COP28.
Find out more: globalenergymonitor.org/report/wind-...
China's construction of new coal-power plants reached a 10-year high in 2024: New and resumed construction of coal capacity in China between 2015-2024, gigawatts. Credit: GEM and CREA.
NEW – China’s construction of new coal-power plants ‘reached 10-year high’ in 2024 | @anikanpatel.carbonbrief.org @creacleanair.bsky.social @globalenergymon.bsky.social
Read here: https://buff.ly/4hQ6VXQ
Infographic on investments in US EV supply chain since August 16, 2022. It shows 159 new projects, $103B in investment, and 64,490 new jobs announced.
Inflation Reduction Act + 28 months
My students at Wellesley and I are tracking investments in the US electric vehicle supply chain since the IRA became law on August 16, 2022:
159 newly announced projects
$103 billion in investments
64,490 new jobs announced
A 🧵 #EV #battchatt #energysky
🔎 Still not convinced that the hydrogen bubble needs bursting OR unconvinced hydrogen is just a smokescreen to keep #FossilGas alive?
New Global Energy Monitor report shows that many hydrogen projects
⛓️ are stuck at the announcement phase
🎭 look just like old gas plans
📖 tinyurl.com/5a39dp83
Also, some key clean energy policy news we're keeping an eye on:
✅ A huge federal funding freeze
✅ BOEM cancels offshore wind approval meetings
✅ Idaho Gov. signs energy permitting bill
I wrote 6 years ago that the Interior Dept is the federal engine of the fossil-fuel economy, and there’s no way to address climate change without its overhaul — and now: new hats, same parade inthesetimes.com/article/depa...