Government decisions around power market reform, subsidies, and long-term planning will set the pace for the energy transition around the world in 2020, with these ambitions complemented – and potentially expedited – by corporate sustainability goals, reacting to shareholder pressure for action on climate change and renewables ever-improving economics.
Some 185GW of net additions in grid-connected solar and wind are forecast for 2020, up 8% on last year, accounting for about 65% of all net power capacity additions, while coal and gas are projected to account for only 9% and 16%, respectively.
