Expand chart
Reproduced from IEA’s Renewables 2019 report; Chart: Axios Visuals

The International Energy Agency's new five-year renewable energy forecast sees faster growth than last year's outlook, but warns that movement toward zero-carbon sources is too slow to confront global warming.

What they found: The agency forecasts that total global renewable power capacity, which was 2,502 gigawatts last year, will increase 50% by 2024, with solar accounting for over half the expansion.

  • "Overall, the forecast has been revised upwards by over 14% from [last year's report], owing to a more positive outlook for solar [photovoltaic] PV and on- and offshore wind."
  • The upward revision stems from "sustained cost reductions" and a generally better policy and regulatory environment.
  • IEA sees renewables — led by expanding solar and wind deployment — rising to meet 30% of global power demand in five years.

Why it matters: Expanded use of renewables in power and heating are important tools for fighting climate change and renewables are a major growth industry.

  • But global carbon emissions are still rising as use of fossil sources and renewables alike rise to meet growing demand.
  • Simply put, while the renewables' share of power demand is growing (see chart above), the whole pie is growing too.
  • “[D]eployment still needs to accelerate if we are to achieve long-term climate, air quality and energy access goals,” IEA head Fatih Birol said in a statement alongside the new forecast.

Quick take: Even IEA's higher forecast could prove too modest, given that the agency has often underestimated renewables growth in the past.

Go deeper

SurveyMonkey poll: Young voters' red-state blue wall

Data: SurveyMonkey; Chart: Danielle Alberti/Axios

There are only five states in the U.S. where voters younger than 35 embrace President Trump over Joe Biden, and none are swing states, according to new 50-state SurveyMonkey-Tableau data for Axios.

Why it matters: These scattered red spots in a sea of blue vividly illustrate Trump's peril if young people were to actually turn out this year. Put another way, Trump's path to re-election depends heavily on younger adults staying home.

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Politics: Chris Christie: Wear a mask "or you may regret it — as I did" — Senate Democrats block vote on McConnell's targeted relief bill.
  2. Economy: Why the stimulus delay isn't a crisis (yet).
  3. Health: New York reports most cases since MayStudies show drop in death rate.
  4. Education: San Francisco public schools likely won't reopen before the end of the year.
  5. World: Spain becomes first nation in Western Europe to exceed 1 million cases — France becomes the second.
Updated 7 hours ago - Politics & Policy

U.S. officials: Iran and Russia aim to interfere in election

Iran and Russia have obtained voter registration information that can be used to undermine confidence in the U.S. election system, Director of National Intelligence John Ratcliffe announced at a press conference Wednesday evening.

Why it matters: The revelation comes roughly two weeks before Election Day. Ratcliffe said Iran has sent threatening emails to Democratic voters this week in states across the U.S. and spread videos claiming that people can vote more than once.

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