Zürcher Nachrichten - Renewables overtake coal but growth slows: reports

EUR -
AED 4.256969
AFN 73.026624
ALL 95.949668
AMD 436.29849
ANG 2.074968
AOA 1062.937298
ARS 1612.956254
AUD 1.648622
AWG 2.089361
AZN 1.97515
BAM 1.955793
BBD 2.330592
BDT 141.989509
BGN 1.981339
BHD 0.437098
BIF 3425.188147
BMD 1.159146
BND 1.479895
BOB 7.995972
BRL 6.159011
BSD 1.157196
BTN 108.180626
BWP 15.778945
BYN 3.510788
BYR 22719.261378
BZD 2.327292
CAD 1.591102
CDF 2637.057544
CHF 0.913917
CLF 0.027244
CLP 1075.745893
CNY 7.982348
CNH 8.005172
COP 4253.385281
CRC 540.49813
CUC 1.159146
CUP 30.717369
CVE 110.264618
CZK 24.515015
DJF 206.059287
DKK 7.48519
DOP 68.689762
DZD 153.294785
EGP 59.995792
ERN 17.38719
ETB 182.369469
FJD 2.566871
FKP 0.87126
GBP 0.86899
GEL 3.147128
GGP 0.87126
GHS 12.613956
GIP 0.87126
GMD 85.201694
GNF 10142.964899
GTQ 8.863969
GYD 242.099162
HKD 9.082199
HNL 30.628894
HRK 7.547552
HTG 151.809475
HUF 393.739159
IDR 19654.711213
ILS 3.60393
IMP 0.87126
INR 108.971952
IQD 1515.894754
IRR 1525001.44174
ISK 144.047519
JEP 0.87126
JMD 181.799371
JOD 0.82188
JPY 184.582853
KES 149.909481
KGS 101.364887
KHR 4623.983998
KMF 494.955743
KPW 1043.080849
KRW 1744.874492
KWD 0.35536
KYD 0.964297
KZT 556.328075
LAK 24848.914008
LBP 103633.441366
LKR 360.978751
LRD 211.759267
LSL 19.520632
LTL 3.422657
LVL 0.701156
LYD 7.407974
MAD 10.813063
MDL 20.15193
MGA 4824.983303
MKD 61.639787
MMK 2434.137979
MNT 4156.167228
MOP 9.340468
MRU 46.32084
MUR 53.912319
MVR 17.920835
MWK 2006.593056
MXN 20.746631
MYR 4.565921
MZN 74.073751
NAD 19.520632
NGN 1572.092184
NIO 42.579853
NOK 11.093021
NPR 173.089401
NZD 1.985179
OMR 0.445696
PAB 1.157196
PEN 4.000686
PGK 4.994983
PHP 69.723065
PKR 323.078682
PLN 4.282755
PYG 7557.973845
QAR 4.231485
RON 5.101986
RSD 117.449594
RUB 96.003268
RWF 1683.694173
SAR 4.352195
SBD 9.33305
SCR 15.877645
SDG 696.647132
SEK 10.831104
SGD 1.486609
SHP 0.86966
SLE 28.486057
SLL 24306.724357
SOS 661.297712
SRD 43.45349
STD 23991.981659
STN 24.499915
SVC 10.124965
SYP 128.128397
SZL 19.526932
THB 38.14522
TJS 11.114462
TMT 4.068602
TND 3.417588
TOP 2.790945
TRY 51.295112
TTD 7.850973
TWD 37.135217
TZS 3008.589588
UAH 50.693025
UGX 4373.984863
USD 1.159146
UYU 46.629839
UZS 14107.951178
VES 527.05282
VND 30499.449254
VUV 138.346896
WST 3.161587
XAF 655.95473
XAG 0.017051
XAU 0.000257
XCD 3.13265
XCG 2.085493
XDR 0.815797
XOF 655.95473
XPF 119.331742
YER 276.576393
ZAR 19.85325
ZMK 10433.709028
ZMW 22.593922
ZWL 373.244535
  • RBGPF

    -13.5000

    69

    -19.57%

  • GSK

    -0.5300

    51.84

    -1.02%

  • RIO

    -2.5000

    83.15

    -3.01%

  • CMSC

    -0.2000

    22.65

    -0.88%

  • BTI

    -1.3500

    57.37

    -2.35%

  • BCE

    0.0600

    25.79

    +0.23%

  • RELX

    -0.4600

    33.36

    -1.38%

  • BCC

    -1.5600

    68.3

    -2.28%

  • NGG

    -3.5400

    81.99

    -4.32%

  • BP

    -1.0800

    44.78

    -2.41%

  • RYCEF

    -1.2600

    15.34

    -8.21%

  • CMSD

    -0.2420

    22.658

    -1.07%

  • AZN

    -5.3300

    183.6

    -2.9%

  • VOD

    -0.0900

    14.33

    -0.63%

  • JRI

    -0.3900

    11.77

    -3.31%

Renewables overtake coal but growth slows: reports
Renewables overtake coal but growth slows: reports / Photo: GREG BAKER - AFP/File

Renewables overtake coal but growth slows: reports

Solar and wind farms generated more electricity than coal for the first time on record this year, but US and Chinese policy shifts are slowing growth, putting a global 2030 target out of reach, reports said on Tuesday.

Text size:

The surge in renewable use marks a milestone in efforts to turn away from fossil fuels, which are responsible for most of the greenhouse gas emissions that are driving climate change.

Renewables' share of global electricity rose to 34.3 percent in the first half of the year, while coal fell to 33.1 percent and gas maintained its 23-percent share, according to Ember, an energy think tank.

"We are seeing the first signs of a crucial turning point," said Malgorzata Wiatros-Motyka, senior electricity analyst at Ember.

"Solar and wind are now growing fast enough to meet the world's growing appetite for electricity.

"This marks the beginning of a shift where clean power is keeping pace with demand growth," she said.

The report found that solar power generation jumped by a record 31 percent in the first six months of 2025, far outpacing wind, which grew 7.7 percent.

Coal fell by 0.6 percent while global gas generation inched down by 0.2 percent.

At the United Nations climate summit in Dubai in 2023, the world pledged for the first time to transition away from fossil fuels, with nations also setting the goal of tripling renewable energy capacity by 2030.

The International Energy Agency, however, said on Tuesday that the world would "fall short" of reaching the target.

Last year, the Paris-based IEA, which advises developed nations on energy, had forecast that the world would come close to the Dubai target with the addition of 5,500 gigawatts of renewable power.

But the IEA now sees only a 4,600-GW gain by 2030, or 2.6 times the 2022 level, due to "policy, regulatory and market changes since October 2024", it said in its latest report on renewable energy.

- 'Con job' -

The IEA revised down its forecast for the United States by almost 50 percent due to the early phase-out by President Donald Trump's administration of tax credits for renewables and tighter regulatory controls over projects.

Trump, who has pushed for more oil and gas production, called climate change "the greatest con job ever" at a UN speech last month and claimed that renewables are an expensive "joke" that "don't work".

Meanwhile, China's shift from fixed tariffs for renewable energy producers to auctions has shaken up the profitability of the projects and lowered growth expectations, the IEA said.

Nevertheless, China still accounts for most of the growth in renewable energy and is on track to attain its 2035 wind and solar power target five years ahead of schedule, it said.

While growth in China and the United States may be slowing, the IEA said there was a more positive outlook elsewhere.

- India rising -

India is on track to meet its 2030 target and "become the second-largest growth market for renewables, with capacity set to rise by 2.5 times in five years".

The IEA also raised its forecasts for the Middle East and North Africa by 25 percent.

In Europe, the forecasts for Germany, Italy, Poland and Spain were also revised higher.

Solar panels accounted for around 80 percent of the global growth in renewable energy over the past five years, the IEA estimated, following by wind, water, biomass and geothermal power.

The outlook for offshore wind power was revised lower due to policy changes in key countries, the IEA said -- particularly the United States, which has sought to halt projects already under construction.

F.Carpenteri--NZN