Crown Holdings Supports Successes in Europe

Rhea-AI Summary

Crown Holdings has highlighted recent achievements in renewable energy capacity, underlining a record year for wind and solar energy installations in 2023. According to the Global Wind Energy Council (GWEC), the world added 116 gigawatts of new wind power, a 50% increase from 2022, with China leading the way. The International Energy Agency (IEA) reported a 50% rise in global renewable capacity additions, reaching nearly 510 gigawatts, driven significantly by China's solar PV installations. Despite this progress, the IEA cites the need for enhanced policies, grid infrastructure, and financing to meet the COP28 goal of tripling global renewable capacity by 2030.

Positive

• Global wind power installations reached 116 gigawatts in 2023, a 50% increase from 2022.
• China led both offshore and onshore wind installations in 2023.
• Global renewable capacity additions increased by almost 50% to nearly 510 gigawatts.
• China's solar PV installations in 2023 were as much as the entire world's installations in 2022.

Negative

• The COP28 target of tripling global renewable capacity by 2030 remains challenging.
• The IEA recommends the need for better government policies and faster permitting procedures.
• Investments in grid infrastructure and financing towards emerging economies are still required.

NORTHAMPTON, MA / ACCESSWIRE / May 29, 2024 / Crown Holdings, Inc.
By Sandrine Duquerroy-Delesalle

Tomorrow is Earth Day and I wanted to share some good news!

The article below mentions 2 recent reports (see comments) from the Global Wind Energy Council (GWEC) and from the International Energy Agency (IEA).

The world installed 116 gigawatts of new wind power capacity in 2023 according to the GWEC, a 50% increase from 2022 making it the best year on record for new wind projects with China leading offshore and onshore wind installations followed by the US, Brazil and Germany.

According to the IEA, in 2023, China commissioned as much solar PV as the entire world did in 2022 and overall global annual renewable capacity additions increased by almost 50% to nearly 510 gigawatts in 2023, the fastest growth rate in the past two decades.

We however have a long way to go to achieve the COP28 target of tripling global renewable capacity by 2030, for which the IEA recommends better government policies and faster permitting procedures, investments in grid infrastructure, and more financing towards emerging economies.

Happy Earth Day!

https://www.euronews.com/green/2024/04/17/wind-energy-saw-record-growth-in-2023-which-countries-installed-the-most?utm_medium=email&utm_source=ted_talks_daily_newsletter&utm_campaign=daily&user_email_address=cdb87567c486c07d7e3299680ff5cab2

View original content here.

View additional multimedia and more ESG storytelling from Crown Holdings, Inc. on 3blmedia.com.

Contact Info:
Spokesperson: Crown Holdings, Inc.
Website: https://www.3blmedia.com/profiles/crown-holdings-inc
Email: info@3blmedia.com

SOURCE: Crown Holdings, Inc.

View the original press release on accesswire.com

FAQ

What was the total global wind power capacity added in 2023?

The total global wind power capacity added in 2023 was 116 gigawatts, a 50% increase from 2022.

Which country led in wind power installations in 2023?

China led in both offshore and onshore wind installations in 2023.

How much did global renewable capacity additions increase in 2023?

Global renewable capacity additions increased by almost 50% to nearly 510 gigawatts in 2023.

What did the IEA report about China's solar PV installations in 2023?

The IEA reported that China commissioned as much solar PV in 2023 as the entire world did in 2022.

What are the recommended actions to meet the COP28 target for renewable capacity?

The IEA recommends better government policies, faster permitting procedures, investments in grid infrastructure, and more financing towards emerging economies to meet the COP28 target.