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Expand chart
Data: IEA; Chart: Naema Ahmed/Axios

HOUSTON--Wind and solar are poised to be the fastest growing electricity sources in the world, and a small handful of European nations and American states are leading the way in increasing shares of these resources.

Driving the news: Mary Elizabeth, Royal Highness Crown Princess of Denmark, touted her nation’s impressive offshore wind resources at the CERAWeek by IHS Markit conference in Houston on Wednesday.

The intrigue: Addresses like that show how this confab, traditionally known for its oil and gas executive speeches, is slowly evolving to embrace renewable energy and acknowledging how climate change is an existential threat to fossil fuels.

Where it stands: The accompanying chart shows the top shares of wind and solar in the world, according to International Energy Agency data.

  • Denmark has the most by far with 52.4%, with Ireland and Portugal around 25%.
  • America’s windy states are led by those in the middle of the country: Kansas, Iowa and Oklahoma.

Yes, but: Hydropower is actually the largest renewable power source currently, accounting for almost two-thirds of global renewable electricity. Numerous countries, including Norway and Brazil, have high penetrations of this carbon-free resource, but hydropower additions have been declining since 2013, according to IEA, whereas wind and solar are increasing significantly.

Go deeper: Tale of four countries: the world’s evolving energy mixes

Go deeper

3 mins ago - World

Netanyahu and Israel reluctantly adjust to a post-Trump Washington

Netanyahu (R) and Biden in 2010. Photo: Avi Ohayon/GPO via Getty

Prime Minister Benjamin Netanyahu and his close aides are very nervous about the transition to a new U.S. administration after a four-year honeymoon with Donald Trump. One Israeli official told me it felt like going through detox.

What he's saying: Netanyahu congratulated Biden minutes after he was sworn in, saying in a statement that he looked forward to working together to "continue expanding peace between Israel and the Arab world and to confront common challenges, chief among them the threat posed by Iran."

Updated 58 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. State of play: New coronavirus cases down, but more bad news ahead.
  2. Politics: Biden set to immediately ramp up federal pandemic response with 10 executive actions — Scoop: Joe Biden's COVID-19 bubble.
  3. World: Biden will order U.S. to rejoin World Health OrganizationBiden to bring U.S. into global COVAX initiative for equitable vaccine access.
  4. Vaccine: Amazon offers to help Biden administration with COVID vaccine efforts.
Dion Rabouin, author of Markets
2 hours ago - Economy & Business

First glimpse of the Biden market

Photo: Jonathan Ernst-Pool/Getty Images

Investors made clear what companies they think will be winners and which will be losers in President Joe Biden's economy on Wednesday, selling out of gun makers, pot purveyors, private prison operators and payday lenders, and buying up gambling, gaming, beer stocks and Big Tech.

What happened: Private prison operator CoreCivic and private prison REIT Geo fell by 7.8% and 4.1%, respectively, while marijuana ETF MJ dropped 2% and payday lenders World Acceptance and EZCorp each fell by more than 1%.