The International Energy Agency (IEA) has released a report indicating that global renewable energy capacity is set to grow by nearly 4,800 gigawatts between 2026 and 2031. This growth is fueled by the Strait of Hormuz crisis and surging fuel prices, which have accelerated the adoption of clean energy worldwide. For the first time, emerging markets outside China are projected to match the clean energy capacity additions of advanced economies by 2031, according to the Renewables 2026 report.
November 6, 2026
IEA Forecasts 4,800 GW of Renewables by 2031
The IEA predicts a 57% surge in global renewable capacity by 2031, driven by energy security concerns and rising fuel prices.
Impact
The report signals a significant shift in global energy strategy, with renewables becoming a central focus for energy security and economic stability.