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Increasing the share of renewables in the power sector requires additional infrastructural changes and new ways of managing the power grid.
The power, transport and heating sectors are currently developing in separate silos, which on the surface makes sense given their different energy sources and infrastructure requirements.
Global consumption of energy for transport has increased by an average of 2% annually since 2000 and accounts for about 27% of overall energy consumption.
Although heating accounts for more than 40% of total final energy demand – more than the entire power sector – it does not rank high on the agenda in energy debates.
An overview about the global power plant market – both conventional and renewable – since 1970.
Cumulative capacities and annual markets of various scenarios.
Every year a certain number of new power plants are connected to the grid worldwide. Since 2013 more renewable power plants were installed than coal and gas power plants combined.
The evaluation of historical projections for wind and solar photovoltaic markets shows that many institutions significantly underestimated both technologies.