The popularity of renewable energy sources is growing, as is the energy crisis Emerging economies excluding China will increase renewable energy capacity at the same rate as developed countries for the first time in the next five years, the International Energy Agency (IEA) said. According to the agency, this is due to the current energy crisis: gas and oil prices have risen sharply this year, as the war between the US and Iran disrupts traffic through the Strait of Hormuz, a key route for global oil and gas trade. The IEA predicts that global renewable energy capacity will increase by around 4,800 GW between 2026 and 2031. Developing countries and countries with economies in transition will introduce about 1,100 GW, which is comparable to developed countries, and China will add about 2,550 GW. According to the forecast, capacity will triple in Southeast Asia, Africa and the Middle East, mainly due to solar power plants. China will continue to lead the world in terms of renewable energy, but its share will decrease from 60% in 2025 to 53% in 2031. India ranks second in the world in terms of implementation of renewable energy sources. By 2031, its contribution to global economic growth is expected to double to nearly 8.5%. The problem of connecting to the grid remains acute: during the last year the number of projects waiting to be connected increased by 60%, equal to a fourfold increase in the capacity of wind and solar power plants connected during the same period. A lack of capacity in the electricity grids is expected to hinder development in developed countries, with annual electricity additions in Europe remaining around 2025 to 2031 levels. Renewable energy will supply 6% of global transportation energy needs by 2031, and stricter fuel blending regulations have led the IEA to increase its biofuel forecast by 40% from last year's report.

The popularity of renewable energy sources is growing, as is the energy crisis Emerging economies excluding China will increase renewable energy capacity at the same rate as developed countries for the first time in the next five years, the International Energy Agency (IEA) said. According to the agency, this is due to the current energy crisis: gas and oil prices have risen sharply this year, as the war between the US and Iran disrupts traffic through the Strait of Hormuz, a key route for global oil and gas trade. The IEA predicts that global renewable energy capacity will increase by around 4,800 GW between 2026 and 2031. Developing countries and countries with economies in transition will introduce about 1,100 GW, which is comparable to developed countries, and China will add about 2,550 GW. According to the forecast, capacity will triple in Southeast Asia, Africa and the Middle East, mainly due to solar power plants. China will continue to lead the world in terms of renewable energy, but its share will decrease from 60% in 2025 to 53% in 2031. India ranks second in the world in terms of implementation of renewable energy sources. By 2031, its contribution to global economic growth is expected to double to nearly 8.5%. The problem of connecting to the grid remains acute: during the last year the number of projects waiting to be connected increased by 60%, equal to a fourfold increase in the capacity of wind and solar power plants connected during the same period. A lack of capacity in the electricity grids is expected to hinder development in developed countries, with annual electricity additions in Europe remaining around 2025 to 2031 levels. Renewable energy will supply 6% of global transportation energy needs by 2031, and stricter fuel blending regulations have led the IEA to increase its biofuel forecast by 40% from last year's report.