The latest report by the International Energy Agency (IEA) reveals that the global adoption of clean energy technologies continues to increase, although this progress is uneven across different regions of the world.
The report for the first half of 2024, which analyzes key clean energy technologies and their impacts on energy markets, highlights that solar power is leading the growth, with a capacity increase of 36 percent compared to the same period last year. Electric vehicles are also on the rise, with global sales reaching seven million units, representing a 25 percent increase.
China is leading the global transition to clean energy, with nearly 45 percent of new car sales being electric vehicles, and this figure exceeded 50 percent in recent months. In developing countries, electric vehicle sales have doubled compared to last year.
Additional solar photovoltaic capacity in India grew by 90 percent in the first six months of this year, and by more than 30 percent in China over the same period.
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However, progress in some European countries has slowed. Heat pump sales in Europe have dropped by 50 percent, and electric vehicle sales have increased by only three percent. Germany is experiencing particularly slow growth, partly offset by increases in the United Kingdom, Belgium, and the Netherlands.
The IEA also reports a decline in clean energy equipment prices, which supports further growth of renewable sources. In the first half of 2024, solar equipment prices dropped by 20 percent, while battery storage prices fell by 10 percent. This trend has enabled households and commercial users to save on their electricity bills.
Real-time monitoring of COâ‚‚ emissions shows that total emissions from the energy sector in the analyzed countries are more than one percent lower than last year. In the EU, coal and gas power generation has fallen to record-low levels, with wind and solar power accounting for 30 percent of total production.
The report emphasizes that, despite declining prices, supportive policies remain essential for achieving energy transition goals, especially through investments in infrastructure such as electric grids and electric vehicle charging networks.
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