Trend Renewables become the core of the power portfolio as energy volatility grows

Summary

The plan observes that electricity demand is rising steeply while the share of renewables in global generation keeps expanding. As a result, renewables are moving beyond simply replacing fossil fuels to become the core of the energy portfolio. Global conflicts have also made fossil fuel supply more volatile. In response, not only major economies but also developing countries are strengthening strategies for energy sovereignty and security. The plan presents oil price and clean energy investment charts from FRED and the IEA as background to this shift.