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Increases in wind and solar are particularly remarkable, having expanded by almost three and ten times respectively since 2010.Geographically, Asia experienced the fastest rise in renewables over the last years, now accounting for over 42% of global renewable capacity, followed by Europe and North America.
What are the main takeaways from the Growth in Latin America and the Caribbean is picking up, thanks to stronger demand at home, and a favorable global environment helped also by rebounding commodity prices, the IMF said in its latest regional assessment.
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More Global installed renewables capacity has experienced a sustained and strong growth over the last few years.
Since the start of the decade, it has been increasing steadily at about 8-9% annually, which is more than double the average growth for non-renewables.