NEW | World adds record 814 GW of solar and wind in 2025, cushioning impact of the gas price crunch ☀️🌪️
The new capacity can generate enough power every year to displace a SEVENTH of global gas generation —or almost DOUBLE Qatar’s annual LNG export volume—saving ~$138 bn 💰
Since the start of the US-Israeli war with #Iran, global #solar and #wind capacity has avoided the equivalent of ~330 TWh of gas generation, at a cost of $40 BILLION at current market prices
🗣️ “As they scale up, they will strengthen energy independence and insulate consumers”
Dive into this data with Ember’s newly launched Monthly Capacity Data tool! 📊
It's an interactive tool for tracking monthly wind and solar capacity deployment across 25 countries that make up 93% of global solar and 92% of global wind capacity 🌍🌎🌏👇
GB’s reliance on expensive fossil gas to generate its electricity is driving up electricity prices. This makes it harder for households to affordably power their homes.
Here's how:
🧵1/5
The cost of generating electricity from gas averaged £109/MWh so far this year - 150% higher than the pre-energy crisis average of £43/MWh recorded between 2017 and 2020.
2/5
Because gas is traded internationally, Britain cannot set the price of gas, but it can build power plants which are not reliant on global power markets, such as wind and solar.
3/5
Here’s what happened in EU electricity in the first six months of 2024 🇪🇺
🧵1/9
Wind and solar saw strong growth in the first half of 2024, outpacing increasing electricity demand and pushing fossil generation into continued decline.
A rebound in hydro generation meant that renewables generated HALF of all EU electricity during this period ⚡
2/9
Germany led the EU in wind and solar growth in the first half of 2024 🇩🇪
Across the EU, ☀️ generation increased by 21% compared to the first six months of 2023, while 🌪️ rose by 9%.
With its proposed mines, #Whitehaven will double its #methane pollution over the next decade, releasing >1 million tonnes of methane by 2050 according to our latest data.
The climate impact is worse than the annual emissions of an additional 56 million cars🚗.
A thread 🧵(1/6)
“This flies in the face of Australia’s climate commitments and asks serious questions about the amount of risk these expansion plans pose,” says @Chris_climate_., Climate Strategy Advisor at Ember. (2/6)