Renewables display Covid immunity with record 2020 and strong outlook

New additions of renewable-energy capacity worldwide will increase to a record level of almost 200 GW this year, shrugging off the demand slump that accompanied the Covid-19 crisis and which negatively affected the demand for fossil fuels. In addition, a new International Energy Agency (IEA) report points to an even stronger growth trajectory for the coming five years, underpinned by ongoing cost reductions and sustained policy support. The IEA, critics caution, has historically underestimated the growth of renewables and overestimated the role of fossil fuels and nuclear.