Renewable Energy Market UpdateOutlook for 2023 and 2024The IEA examines the full spectrum of energy issues including oil, gas and coal supply and demand, renewable energy technologies, electricity markets, energy efficiency, access to energy, demand side management and much more. Through its work, the IEA advocates policies that will enhance the reliability, affordability and sustainability of energy in its 31 member countries, 11 association countries and beyond.Please note that this publication is subject to specific restrictions that limit its use and distribution. The terms and conditions are available online at www.iea.org/t&c/This publication and any map included herein are without prejudice to the status of or sovereignty over any territory, to the delimitation of international frontiers and boundaries and to the name of any territory, city or area.Source: IEA. All rights reserved.International Energy Agency Website: www.iea.orgIEA member countries: Australia Austria Belgium CanadaCzech Republic Denmark EstoniaFinland France Germany Greece HungaryIreland ItalyJapanKoreaLithuania Luxembourg Mexico Netherlands New Zealand NorwayPoland Portugal Slovak Republic Spain Sweden Switzerland Republic of TürkiyeUnited Kingdom United StatesThe European Commission also participates in the work of the IEAIEA association countries:INTERNATIONAL ENERGYAGENCYArgentinaBrazilChinaEgyptIndiaIndonesiaMoroccoSingaporeSouth AfricaThailandUkraineRevised version, June 2023Information notice found: www.iea.org/correctionsRenewable Energy Market Update June 2023 PAGE | 3 I EA. CC BY 4.0. Abstract The key areas examined by the report include the latest data and analysis on renewable power capacity additions in 2022 – globally and for major markets – as wel...
