Global wind and solar power capacity grew at record rate in 2020

Global wind and solar power capacity grew at record rate in 2020

BP’s annual report reveals renewable energy boom in pandemic coincided with slump in demand for oil

The world’s wind and solar energy capacity grew at a record rate last year while the oil industry recorded its steepest slump in demand since the second world war, according to BP.

The impact of coronavirus lockdowns on the energy industry led carbon emissions to plummet by 6% on the year before, the sharpest decline since 1945, according to BP’s annual review of the energy sector.

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