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Renewable Energy Boom Transforms Global Economies
7 Nov
Summary
- Renewable energy investments now double fossil fuels
- Uruguay produces nearly 99% of electricity from renewables
- Kenya's renewable energy share rises from 50% to 90%
According to a recent report, the global energy transition is thriving, with renewable energy delivering significant environmental and economic benefits worldwide. As of 2025-11-07, the world now invests almost twice as much in clean energy as in fossil fuels, with solar and wind power being installed at record-breaking levels.
The report highlights numerous success stories, including Uruguay producing nearly 99% of its electricity from renewable sources, and Kenya increasing its renewable energy share from 50% in 2000 to 90% last year. The economic impact has been "dramatic", with the cost of electricity production in Uruguay decreasing by roughly half compared to fossil fuels.
The report also explores progress in other countries, such as Chile transitioning from fossil fuel imports to generating 68% of its energy from renewables in 2024, and India installing solar panels on approximately 7% of its schools in the last five years. The UK's transition to clean power has allowed the country to grow its economy by more than 70% since 1990 while reducing emissions by over 50%.
Despite some political pushback, the report's authors remain optimistic about the future of the energy transition, stating that "international efforts will prevail" as "change brings opportunities, both environmental and economic, for those countries, communities and companies that take action today."
