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Thursday, 16 November 2023 14:24

Asia has fastest growth rate of wind, solar capacity at 35% per year

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Asia, driven primarily by India, China and Vietnam, is the global leader in wind and solar development and will account for 52.5% of global capacity by 2022. Sales of electric motorcycles and scooters in the region grew by 3,000% between 2015 and 2022. Despite committing to long-term net-zero emissions targets, India and China still have large coal fleets. A new study highlights the Asian region as the global leader in wind and solar power development, with the fastest growth in wind and solar power generation at 35% per year. Asia's funding of renewable energy will total $532 billion by 2022, accounting for 65% of global spending on renewable energy. The Asia-Pacific region faces climate challenges such as rising sea levels, extreme weather events, and threats to biodiversity and water resources.


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