TYN(SZ:000591) Sou Hu Cai Jing·2025-04-09 21:30Core Insights - The report by Ember highlights a record growth in global renewable energy generation in 2024, with clean energy (including renewables and nuclear) surpassing 40% of total global electricity generation [1] Group 1: Renewable Energy Growth - In 2024, global renewable energy generation increased by 858 TWh, a 49% rise compared to the previous record of 577 TWh set in 2022 [1] - Hydropower remains the largest source of clean electricity, accounting for 14.3%, while wind and solar energy represent 8.1% and 6.9% respectively, with their combined share exceeding hydropower for the first time in 2024 [1] - Nuclear energy's share dropped to 9%, marking a 45-year low [1] Group 2: Solar Energy Dominance - Solar energy continues to be the largest source of new electricity globally for the third consecutive year, with an addition of 474 TWh in 2024, bringing its total generation to 2 TW, doubling from 1 TW in 2022 [2] - China plays a crucial role in the global energy transition, contributing 53% of new solar and 58% of new wind energy generation in 2024, significantly outpacing other regions [2] - China's solar generation now accounts for 8.3% of the global total, more than doubling from three years ago [2] Group 3: Challenges and Future Outlook - The report indicates that global electricity demand grew by 4% in 2024 due to frequent heatwaves, leading to a slight increase in fossil fuel generation and a record high in carbon emissions from the electricity sector [5] - The rapid growth of clean energy generation is expected to gradually reduce reliance on fossil fuel generation in the coming years, aided by advancements in battery storage and other technologies [5]