Renewable Energy Revolution

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In 2023, the world achieved a milestone by generating over 30% of global electricity needs from renewable sources, bolstering the transition to clean energy, with expectations of a slight decrease in fossil fuel consumption in 2024. Solar energy saw the fastest growth in 2023, reflecting a shift in the global energy mix. China leads this transition, surpassing the United States in solar energy production, yet solar energy usage remains low in China. Increased demand for electricity is expected due to modern technologies like electric cars, green hydrogen, and AI systems known for their energy consumption intensity.

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