Analysis of global trends in the development of «green» energy

Abstract

The article is devoted to the analysis of global trends in the development of «green» energy as a means of quick and immediate action to reduce the global network of anthropogenic carbon dioxide emissions. The conducted analysis allowed the author to ascertain the presence of changes in the global «green» energy market, as well as in each of its segments. The main RGEs used worldwide are hydropower (ranked first), followed by solar power (ranked second) and wind power (ranked third). These results show the consequences of structural changes in the energy sector because of the growth and integration of green energy into the existing energy system.
Most of the new capacity in 2023 was once again in Asia, with China accounting for the lion's share of this increase. The growth of energy production capacities from renewable sources is observed in all regions of the world. The Middle East recorded the highest capacity growth on record in 2023.
The share of renewables in total capacity additions reached 86% in 2023, compared to 84% in 2022.
The above-mentioned facts allowed the author to draw a conclusion about a stable trend towards an increase in the use of renewable energy sources and a decrease in the volume of non-renewable energy sources. At the global level, the latter is partly explained by the large volume of decommissioning that has been taking place over many years in some regions. However, the world still needs to make more efforts to meet the COP28 target of tripling installed renewable electricity capacity by 2030 to reach 11 TW.