Global renewable capacity projected to grow nearly 4,800 GW by 2031
Global renewable capacity is projected to grow by nearly 4,800 GW between 2026 and 2031, with renewables supplying 43% of global electricity by 2031. The IEA says the Iran war is accelerating renewable energy expansion as countries seek to reduce dependence on imported oil and gas. South Korea is accelerating its renewable targets, while Egypt has brought its 45% renewable electricity goal forward from 2035 to 2028.