Renewable energy, sooner than you think

Driven by technological progress, public demand and government support, the world is on track to add as much renewable energy capacity in the next five years as it did in the preceding 20, according to the International Energy Agency (IEA). Although solar and wind power accounted for only 9% of global electricity production in 2020, this is set to increase to 40% by 2030 and to 70% by 2050, says the IEA. Notably, in 2025, solar and wind power combined should overtake coal as the largest global source of electricity. The energy transition appears on track to arrive sooner than anticipated.

In conjunction with the 20-year anniversary of Robeco’s Smart Energy investment strategy, we invite you to tune in this Thursday, 21 September at 16:00 CEST to hear the strategy’s portfolio managers discuss opportunities for a low carbon future. Webinar registration

Source: IEA, December 2022