Humankind

Renewable energy tripling is now within reach, with the world on track to hit the global goal set at COP28 in 2023. For the fourth straight year, record amounts of wind and solar capacity are being added worldwide, growing at more than twice the annual rate needed to reach the target by 2030. Solar power is leading the surge, now the cheapest source of new electricity in most of the world. The milestone matters because it signals a fundamental shift in how humanity generates power — and because cleaner, cheaper domestic energy strengthens national security and household budgets alongside reducing emissions.

Renewable energy milestone: For the first time in recorded history, clean energy sources generated more electricity globally than coal over a single half-year period, according to energy think tank Ember. Solar drove 83% of new electricity demand growth and now produces 58% of its output in lower-income countries, representing a genuine shift in who benefits from the energy transition. Even as global electricity demand rose, clean energy growth was strong enough to push a slight decline in combined coal and gas use. The forces behind this shift — collapsing costs, expanding markets, and growing manufacturing capacity — are structural, not temporary.

Solar power shattered records in 2024, with the world installing 597 gigawatts of new capacity in a single year — a 33% increase over 2023 and the largest annual addition of any electricity source in history. Confirmed by SolarPower Europe, this marks the first time solar has claimed the top spot for new electricity generation worldwide. Driven by a 90% drop in panel costs over the past decade, solar is now the cheapest energy option in most major markets. The milestone represents real infrastructure, not promises — and signals a fundamental shift in how the world powers itself.