Quantcast

Solar energy is fastest growing source of power - KSBY.com | San Luis Obispo and Santa Barbara Area News

Solar energy is fastest growing source of power

Posted: Updated:

PARIS (AP) - A report shows that solar energy was the fastest-growing source of power last year, accounting for almost two-thirds of net new capacity globally.

The International Energy Agency said Wednesday that the rise was due to a boom in photovoltaic panel installations, particularly in China, thanks to a drop in costs and greater support from governments.

It is the first time that solar energy growth surpasses any other fuel as a source of power. Coal in particular had continued to grow in recent years despite global targets to reduce carbon emissions.

The IEA said solar panels capacity grew 50 percent last year, with China accounting for almost half the expansion. The country has become a leader in renewable energy production, with the United States the second-largest market.

Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Powered by Frankly

© KSBY.com 2017, KSBY.com
A CORDILLERA COMMUNICATIONS Station
All rights reserved
Privacy Policy, | Terms of Service, and Ad Choices

Can't find something?