Global Renewable Energy Progress Slowing Down on Policy Uncertainties ...Middle East

Progress in renewable energy uptake in the largest energy-consuming sectors slowed globally in 2023, amid high interest rates, supply-chain issues, and regulatory and policy uncertainties in the wake of the energy crisis, renewable energy think tank REN21 said in a new report on Thursday. Last year, global additions to renewable power capacity increased by an estimated 36% to reach 473 gigawatts (GW), a new record for the 22nd consecutive year, REN21’s Renewables 2024 Global Status Report found. However, by the end of 2023,…

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