Renewable energy capacity on track to rival fossil fuels in 2024

IEA forecasts record surge in new additions amid energy security push

20230601N solar panels india REU

India is expected to play a growing role in the global rise in renewable energy. © Reuters

TAKASHI TSUJI, Nikkei staff writer, and KAZUNARI HANAWA, Nikkei climate change editor

BRUSSELS/TOKYO -- Renewable energy capacity worldwide will exceed 4,500 gigawatts in 2024, roughly on a par with fossil fuels, the International Energy Agency predicts in a report out Thursday.

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