‘A new world order’ – boom in renewables, decline of fossil fuels – brings change in world politics
Solar, wind and other renewables, which currently make up around a fifth of global energy production, are growing faster than any other source, the report said.
Commission chairman and former president of Iceland, Olafur Ragnar, said the shift will likely cause China to eclipse the United States, place oil-dependent Gulf states at risk and help impoverished African nations achieve energy independence.
“It is difficult to predict when, but this change is happening comprehensively and fast,” Ragnar told AFP.
The report, entitled “A New World”, was launched at IRENA’s ninth general assembly in Abu Dhabi…….
Renewables will be a powerful vehicle of democratisation because they make it possible to decentralise the energy supply. https://www.sbs.com.au/news/rise-of-renewables-creating-a-new-world-report
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