The International Energy Agency (IEA) has released its annual report, showing a record increase in renewable energy capacity worldwide. Solar power accounted for over two-thirds of this growth. The report emphasizes that government policies and falling technology costs are the primary drivers of this rapid shift. Experts believe we are at a critical tipping point in the fight against climate change.

The report, titled "Renewables 2025," details how solar, wind, and hydropower are becoming the backbone of the world's electricity supply. It highlights that the cost of solar photovoltaic (PV) generation has plummeted by over 80% in the last decade, making it the cheapest source of new electricity in many parts of the world. The IEA forecasts that this trend will continue, with renewables set to overtake coal as the largest source of electricity generation globally by 2025. This transition is critical for meeting the goals of the Paris Agreement and ensuring a sustainable energy future.