☀️ Solar outshines other renewables
More still needs to be done
Hello,
In the honour of Earth Day on April 22, today’s post is dedicated to our efforts in transitioning to clean energy.
DATA STORY
Made using Vizzlo
2023 was the best year ever for renewable energy!
Globally, total installed capacity increased by +473 gigawatts (GW), thanks largely to Solar, which has now beaten Hydro to be the #1 source of renewable energy.
Renewables now sit at 43% of all global power capacity (i.e. incl. fossil fuels)
However, we are still not doing enough.
To meet our Climate Change goals of limiting avg temperature rise to 1.5o C and achieve net zero emissions by 2050, we have to install 11,000 GW of renewables capacity by 2030, or an addition of +1050GW every year! So we have to top our best year ever by 120%.
Quiz
You can simply scroll to the bottom of the post to see the answer
Good Reads
Sharing some fun and useful links that you may also like:
[Fun] Summer is approaching, so if you want to head to a nearby beach, check out this site before, to explore some hidden gems
[Deep Dive] Its difficult to know which companies buy & use which software. Thankfully, Okta releases its free annual report, mapping Software usages amongst 18,800 companies globally. Its one of a kind report. Here is the latest version.
[5-min read] 50% of books fail to sell more than a dozen copies! An interesting essay exploring the power law in book publishing
And the answer to today’s business quiz question is India
That’s all for this week. Thanks for reading! 👋