The share of fossil fuel in Brics countries’ power capacity is expected to drop below 50 per cent for the first time this year amid rapid growth of renewable energy and declining coal, oil and gas development in China and its peers, according to a study.
While this signals an important milestone in the clean energy transition for the influential bloc that still hosts most of the world’s coal power, energy experts urged these countries to accelerate investments in energy storage and grid infrastructure to keep pace with the growing share of renewable energy.
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