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Reproduced from REN21; Chart: Axios Visuals

As the U.S. solar market continues to grow, a new report offers a nice snapshot of the global picture on solar and other renewables.

The big picture: "Solar photovoltaics (PV) and wind are now mainstream options in the power sector, with an increasing number of countries generating more than 20% of their electricity with solar PV and wind," notes the report from the group REN21.

Check out the chart above, which shows that installed global solar PV capacity reached 505 gigawatts last year.

Threat level: While renewable power is increasingly mainstream, the report from REN21 — a coalition of governments, NGOs, industry groups and more — flashes a bunch of warning signs.

  • It notes the worldwide growth rate of new renewable capacity additions has leveled off.
  • And, it argues, the pace of movement to renewables outside the power system is far too slow as global CO2 emissions keep rising.

The bottom line: "The lack of ambitious and sustained policies to drive decarbonisation in the heating, cooling and transport sectors means that countries are not maximising the benefits of the transition — including cleaner air and energy security — for their populations," states the Renewables 2019 Global Status Report.

Go deeper: The global transition to clean energy, explained in 12 charts (Vox)

Go deeper

Ben Geman, author of Generate
Oct 21, 2020 - Energy & Environment

A big renewables deal: Iberdrola's Avangrid to buy PNM Resources

Illustration: Sarah Grillo/Axios

Avangrid, a subsidiary of Spanish energy giant Iberdrola, is buying the big New Mexico-based power company PNM Resources in a $4.3 billion deal.

Why it matters: The companies said the deal, valued at $8.3 billion including debt, will form the third-largest renewable power company in the United States.

36 mins ago - World

Putin foe Navalny to be detained for 30 days after returning to Moscow

Russian opposition leader Alexey Navalny. Photo: Oleg Nikishin/Epsilon/Getty Images

Russian opposition leader Alexey Navalny has been ordered to remain in pre-trial detention for 30 days, following his arrest upon returning to Russia on Sunday for the first time since a failed assassination attempt last year.

Why it matters: The detention of Navalny, an anti-corruption activist and the most prominent domestic critic of Russian President Vladimir Putin, has already set off a chorus of condemnations from leaders in Europe and the U.S.

Biden picks Warren allies to lead SEC, CFPB

Photo: Justin Sullivan/Getty Images

President-elect Joe Biden has selected FTC commissioner Rohit Chopra to be the next director of the Consumer Financial Protection Bureau (CFPB) and Obama-era Wall Street regulator Gary Gensler to lead the Securities and Exchange Commission (SEC).

Why it matters: Both picks are progressive allies of Sen. Elizabeth Warren (D-Mass.) and viewed as likely to take aggressive steps to regulate big business.

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