Transition finance

Fossil fuels supplied 60% of total energy demand globally last year, according to the latest Statistical Review of World Energy.

• Renewables (solar, wind and hydro) accounted for 30% of electricity generated in 2023; if you include nuclear, low-carbon energy provided about 40% of electricity generated last year.
• Renewables accounted for nearly 86% of new global electricity generation capacity in 2023, according to data from the International Renewable Energy Agency.
• China added 55% of all renewable generation capacity in 2023; more than the rest of the world combined.