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Renewables to eclipse fossil fuels for half of the world's population
The BRICS bloc is reaching a milestone where non-fossil power capacity is set to exceed fossil-fueled capacity for the first time in 2024. While the group hosts a significant portion of the world's coal fleet and continues to develop new fossil plants, there is a massive pipeline of wind and solar projects. The report finds that the BRICS countries have enough renewables in development to nearly triple their capacity by 2030, though the actual construction rate varies significantly by member, with China leading the transition.
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Document type: Report
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