From India to Africa, renewables race ahead but Europe is lagging, IEA report shows

The IEA's annual report indicates a global surge in renewable energy capacity, driven by rising fuel costs and energy security concerns, but Europe lags behind. The agency forecasts a global increase of nearly 4,800 GW from 2026 to 2031, a 57% rise from previous years. However, Europe's growth forecast has been reduced by 6%, despite an expected addition of 100 GW annually. The report highlights that while energy security is now a primary driver for renewables, Europe has not yet made significant policy changes in response to the Middle East conflict. The U.S. and sub-Saharan Africa are projected to see substantial growth in renewable energy adoption, with poorer nations outside China catching up to wealthier ones.