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==== Future projections ==== {{See also|Energy transition}} [[File:2010- Fossil fuels vs Wind + Solar - electricity generation.svg|thumb|In 2023, electricity generation from wind and solar sources was projected to exceed 30% by 2030.<ref name=RMI_20230613>{{cite web |last1=Bond |first1=Kingsmill |last2=Butler-Sloss |first2=Sam |last3=Lovins |first3=Amory |last4=Speelman |first4=Laurens |last5=Topping |first5=Nigel |title=Report / 2023 / X-Change: Electricity / On track for disruption |publisher=Rocky Mountain Institute |url=https://rmi.org/insight/x-change-electricity/ |archive-url=https://web.archive.org/web/20230713171138/https://rmi.org/insight/x-change-electricity/ |archive-date=13 July 2023 |date=13 June 2023 |url-status=live }}</ref>]] A December 2022 report by the IEA forecasts that over 2022-2027, renewables are seen growing by almost 2,400 GW in its main forecast, equal to the entire installed power capacity of China in 2021. This is an 85% acceleration from the previous five years, and almost 30% higher than what the IEA forecast in its 2021 report, making its largest ever upward revision. Renewables are set to account for over 90% of global electricity capacity expansion over the forecast period.<ref name="IEA-3">IEA (2022), Renewables 2022, IEA, Paris https://www.iea.org/reports/renewables-2022, License: CC BY 4.0</ref> To achieve net zero emissions by 2050, IEA believes that 90% of global electricity generation will need to be produced from renewable sources.<ref name=":0" /> In June 2022, IEA Executive Director [[Fatih Birol]] said that countries should invest more in renewables to "ease the pressure on consumers from high fossil fuel prices, make our energy systems more secure, and get the world on track to reach our climate goals."<ref>{{Cite web |title=Record clean energy spending is set to help global energy investment grow by 8% in 2022 - News |url=https://www.iea.org/news/record-clean-energy-spending-is-set-to-help-global-energy-investment-grow-by-8-in-2022 |access-date=2022-06-27 |website=IEA |date=22 June 2022 |language=en-GB}}</ref> China's [[Five-year plans of China#Fourteenth Plan (2021–2025)|five year plan to 2025]] includes increasing direct heating by renewables such as geothermal and solar thermal.<ref>{{Cite web |title=China's New Plan for Renewable Energy Development Focuses on Consumption |url=https://www.fitchratings.com/research/corporate-finance/chinas-new-plan-for-renewable-energy-development-focuses-on-consumption-19-06-2022 |access-date=2022-06-27 |website=www.fitchratings.com}}</ref> [[REPowerEU]], the EU plan to escape [[Russia in the European energy sector|dependence on fossil Russian gas]], is expected to call for much more [[green hydrogen]].<ref>{{Cite web |last1=Claeys |first1=Bram |last2=Rosenow |first2=Jan |last3=Anderson |first3=Megan |date=2022-06-27 |title=Is REPowerEU the right energy policy recipe to move away from Russian gas? |website=www.euractiv.com |url=https://www.euractiv.com/section/energy/opinion/is-repowereu-the-right-energy-policy-recipe-to-move-away-from-russian-gas/ |access-date=2022-06-27 |language=en-GB}}</ref> After a transitional period,<ref>{{Cite journal |last1=Gan |first1=Kai Ernn |last2=Taikan |first2=Oki |last3=Gan |first3=Thian Y |last4=Weis |first4=Tim |last5=Yamazaki |first5=D. |last6=Schüttrumpf |first6=Holger |date=2023-07-04 |title=Enhancing Renewable Energy Systems, Contributing to Sustainable Development Goals of United Nation and Building Resilience against Climate Change Impacts |journal=Energy Technology |volume=11 |issue=11 |language=en |doi=10.1002/ente.202300275 |s2cid=259654837 |issn=2194-4288|doi-access=free }}</ref> renewable energy production is expected to make up most of the world's energy production. In 2018, the risk management firm, [[DNV GL]], forecasts that the world's primary [[energy mix]] will be split equally between fossil and non-fossil sources by 2050.<ref>{{Cite web |title=DNV GL's Energy Transition Outlook 2018 |url=http://eto.dnvgl.com/ |url-status=live |archive-url=https://web.archive.org/web/20211123224838/https://eto.dnv.com/2021 |archive-date=23 November 2021 |access-date=16 October 2018 |website=eto.dnvgl.com |language=en}}</ref> Middle eastern nations are also planning on reducing their reliance fossil fuel. Many planned green projects will contribute in 26% of energy supply for the region by 2050 achieving emission reductions equal to 1.1 Gt CO2/year.<ref name=":14">{{Cite web |title=Top 5 renewable energy projects in the Middle East |date=17 February 2023 |url=https://www.progressiverecruitment.com/en-ae/knowledge-hub/industry-insights/top-5-renewable-energy-projects-in-the-middle-east/}}</ref> Massive Renewable Energy Projects in the Middle East:<ref name=":14" /> * Mohammed bin Rashid Al Maktoum Solar Park in Dubai, UAE * Shuaibah Two (2) Solar Facility in Mecca Province, Saudi Arabia * NEOM Green Hydrogen Project in NEOM, Saudi Arabia * Gulf of Suez Wind Power Project in Suez, Egypt * Al-Ajban Solar Park in Abu Dhabi, UAE
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