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Expansion of renewable Energies loses Momentum

In China, subsidies for zero-emission energy sources are running out – and that promptly drags down global statistics. Global growth in renewable power generation capacity will decline slightly in 2021, the International Energy Agency (IEA) reports. According to the report, 270 gigawatts of new capacity will be installed this year, down from a previous record of 278 gigawatts last year. Last year, the People’s Republic was responsible for nearly half of the growth in renewable energy (China.Table reported). However, due to the expiry of state subsidies, capacity expansion in China will now be 20 percent lower, the IEA predicts.

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