Christopher Schuler, christopher.schuler@sierraclub.org
Washington, DC – Today, the International Energy Agency (IEA) released its annual electricity market report that shows low emissions energy sources will account for almost half of the world’s electricity generation by 2026, up from 39% in 2023.
The IEA report projects that a record number of clean and renewable sources set to come online in the next three years will meet global demand and allow power sector emissions to fall by 2.4 percent this year and a half percent in each of the following two years. The power sector is the largest source of the world’s CO2 emissions.
The IEA also projects that renewables will overtake coal as the leading source of the world’s electricity in 2025, providing more than one-third of total generation globally.
In response, Holly Bender, Sierra Club’s Chief Energy Officer released the following statement:
“Today’s IEA report shows that low emissions energy sources like renewables are key to our future, capable of meeting global demand and allowing a smooth transition away from dirty fuels. Here in the United States, it’s clear that swift implementation of the Inflation Reduction Act will drive emissions down even further and provide us with the opportunity to do our part in meeting the targets of the Paris Agreement and averting the very worst of the climate crisis. The country and states must seize the moment and invest in the clean energy economy that will power a safe and livable future.”
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About the Sierra Club
The Sierra Club is America’s largest and most influential grassroots environmental organization, with millions of members and supporters. In addition to protecting every person's right to get outdoors and access the healing power of nature, the Sierra Club works to promote clean energy, safeguard the health of our communities, protect wildlife, and preserve our remaining wild places through grassroots activism, public education, lobbying, and legal action. For more information, visit www.sierraclub.org.