Curated News
By: NewsRamp Editorial Staff
August 04, 2026
Renewables Hit Record Growth: Fossil Fuels Fall Behind
TLDR
- Renewable energy surged 9.8% in 2024, outpacing fossil fuels by 14%, giving green companies like Turbo Energy a competitive edge.
- IRENA's 2026 report shows renewables rose to 31.7% of global electricity, a 9.8% increase from 2023, driven by falling fossil fuel use.
- Record renewable growth in 2024 marks a cleaner energy future, reducing reliance on fossil fuels and benefiting global communities.
- In 2024, renewable energy hit a record 9.8% growth, with solar and wind leading the charge to 31.7% of global electricity.
Impact - Why it Matters
This news matters because it confirms that renewable energy is not just a niche but a dominant force in global electricity generation. The record growth of renewables signals a shift in investment and policy towards cleaner energy, affecting everything from job creation to energy prices. For individuals, it means more sustainable and potentially cheaper electricity options. For businesses, it highlights opportunities in the green sector, as companies like Turbo Energy S.A. stand to benefit from the accelerating transition. Understanding these trends is crucial for making informed decisions about energy consumption and investments.
Summary
Data from the International Renewable Energy Agency (IRENA) has revealed that renewable energy generation surged by a record 9.8% in 2024. Titled ‘The Renewable Energy Statistics 2026’, IRENA’s report noted a continued fall in fossil fuel-fired generation between 2023 and 2024, falling behind renewables by 14% during the study period. The report found that green energy accounted for 31.7% of global electricity generation in 2024, totaling 9,836 terawatt-hours.
As the energy transition gathers momentum, green energy companies like Turbo Energy S.A. (NASDAQ: TURB) have a big opportunity to leverage the accelerating interest in renewable energy across Europe and other regions. This growth is not just a statistic; it represents a fundamental shift in how the world produces and consumes energy. The report's findings underscore the viability and increasing competitiveness of renewable sources, which are now outpacing fossil fuels on a global scale. For investors and industry stakeholders, this data signals a robust market for green technologies and services.
The news comes from GreenEnergyStocks (GES), a specialized communications platform focusing on companies shaping the future of the green economy. GES is part of the Dynamic Brand Portfolio at IBN, which offers services including news distribution via InvestorWire, editorial syndication to 5,000+ outlets, press release enhancement, social media distribution, and tailored corporate communications solutions. GES aims to bring its clients recognition and brand awareness in the crowded information landscape. For more details, readers can visit the full article linked here.
Source Statement
This curated news summary relied on content disributed by InvestorBrandNetwork (IBN). Read the original source here, Renewables Hit Record Growth: Fossil Fuels Fall Behind
