03 December 2024•
In 1971, renewables—biofuels, hydro, and nuclear—accounted for 14% of global energy use. By 2019, this had risen to just 19%, with nuclear growing the most, from 1% to 5%, while biofuels remained the largest contributor at 9%. Meanwhile, coal’s share stayed steady, oil declined from 44% to 31%, and natural gas rose from 16% to 23%. Solar and wind were negligible in 1971 but reached 2% by 2019.
By the end of 2023, renewable energy adoption surged to meet 43% of global energy demand, doubling since 2019. Solar led with 1,419 GW (37% of capacity), followed by hydro (1,268 GW) and wind (1,017 GW). Asia and the Middle East drove growth, with Asia accounting for 50.7% of global renewable capacity. Nuclear and biofuels have diminished, highlighting a shift toward newer technologies.
We are a team of passionate Researchers, Data Junkies, and Story-Tellers that believe there is not enough quality business insights and compelling data analysis available in the marketplace, told in the formats users want. We want to give an insider's look into the industries, businesses and economies that are changing the world today, so our users can become inspired, empowered and equipped to run their businesses as best they can.