#Industry News
The power industry urgently needs decarbonization, and the proportion of renewable energy generation is increasing
Market energy usage ratio
The global power industry is the first industry that needs decarbonization. The International Energy Agency's Net Zero Emissions Plan states that the power industry must achieve net zero emissions by 2040; Ten years ahead of the goal of achieving a net zero economy by 2050. In 2022, wind and solar energy accounted for a record high of 12% of global electricity, and all clean electricity (renewable energy and nuclear power) combined accounted for 39% of global electricity, reaching a historic high.
According to the International Energy Agency's forecast, the proportion of renewable energy in power generation will increase from 29% in 2020 to nearly 70% in 2050, as solar photovoltaics and wind energy lead other energy sources.
