"Renewable energy has grown faster than every major forecast predicted in 2015. There's now four times as much solar power as the International Energy Agency (IEA) expected 10 years ago. Last year alone, the world installed 553 gigawatts of solar power-roughly as much as 100 million U.S. homes use-which is 1,500% more than the IEA had projected. Investors are now pouring twice as much into renewables as into fossil fuels."
"More than 1 in 5 new cars sold worldwide today is an EV; a decade ago, that number was fewer than 1 in 100. Even if growth flatlined now, the world is on track to reach 100 million EVs by 2028. Dozens of countries have net-zero goals that are legally mandated under comprehensive climate laws. Out of the world's largest 2,000 companies, nearly 1,300 now have net-zero goals in place."
Renewable energy capacity has expanded far faster than 2015 forecasts, with solar capacity now four times the International Energy Agency's projection and 553 gigawatts installed last year. That single-year deployment equaled roughly the consumption of 100 million U.S. homes and was about 1,500% higher than prior IEA projections. Investment flows currently favor renewables at roughly twice the level of fossil-fuel investment. Electric vehicles now comprise over one in five new car sales worldwide, up from under one in 100 a decade earlier, and the world is on track for 100 million EVs by 2028. Dozens of countries and nearly 1,300 major companies have net-zero commitments, and century-end warming projections have fallen from about 4°C to roughly 2.6°C, a notable improvement though still insufficient to meet safety targets.
Read at Fast Company
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