Global renewable energy capacity will soar by around 75% in the next five years, according to the International Energy Agency (IEA) on Tuesday, citing energy security concerns as a key reason.
Energy security worries raised by Russia's invasion of Ukraine have pushed countries to renewables such as solar and wind to cut reliance on imported fossil fuels.
According to the forecast, renewables will take up more than 90% of global electricity sources for the next five years, overtaking coal to become the world’s largest source of electricity by early 2025.