Despite the impacts of the COVID-19 pandemic, renewable energy set a record in new power capacity in 2020 and was the only source of electricity generation to register a net increase in total capacity. Investment in renewable power capacity rose, although slightly, for the third consecutive year, and corporations continued to break records for sourcing renewable electricity.
More countries shifted towards renewables for the electrification of heat. Although production of transport biofuels declined, electric vehicle (EV) sales expanded, as did the linking of EVs and renewable power, although to a lesser extent. China was among the countries that strengthened their commitments to action on the climate crisis, setting a carbon-neutral target. The United States re-joined the Paris Agreement in early 2021.
Get the full picture on REN21 report!