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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

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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%.

Do you think we will reach 11,000 GW of renewables power capacity by 2030?

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BUSINESS QUIZ

This is Bhadla Solar Park, the largest in the world. Which Country is it located in?

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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

For those who didn’t attempt the quiz, the correct answer is India

That’s all for this week. Thanks for reading! 👋

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