The world is set to add as much renewable power in the next five years as in the past 20 as countries seek to strengthen their energy security in the wake of Russia’s invasion of Ukraine and simultaneously limit global heating, the International Energy Agency (IEA) said in a new report.

As countries turn to renewables such as wind and solar to reduce reliance on imported fossil fuels – whose prices have spiked dramatically – global renewable power capacity is now expected to grow by 2.4TW