Low-emissions sources of electricity are on track to make up almost half of global generation by '26

Our forecast period out to 2026 is characterised by three turning points with regard to low-carbon electricity sources. First, renewables are expected to generate more than one-third of world’s electricity in 2025, overtaking coal as the largest source of supply. Second, low-carbon sources – renewables and nuclear together – are expected to account for 46% of the world’s electricity generation by the end of 2026, rapidly approaching the halfway mark, up from 39% in 2023. And finally, on a global scale, low-carbon generation is set to meet all the additional demand growth towards 2026.