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Crisis Drives Green Shift
The International Energy Agency expects renewable power capacity additions in emerging and developing economies, excluding China, to match those in advanced economies for the first time during 2026–2031, as investment accelerates amid disruptions to oil and gas markets and concerns about energy supply security. It estimates global additions at around 4,800 gigawatts—nearly 60% more than in the previous six years—with solar power accounting for more than three-quarters. Renewables are expected to rise from about one-third to nearly half of global electricity generation, though constraints on grids and storage could hinder expansion.
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