Global Decarbonization and the Expanding Adoption of Renewable Energy
First written in FY2019. 3 of 15 entries say "Restated". Latest entry: FY2026.
1 other company's latest entry also says "Other".
- FY2026Additional coverage of AI demand and US policy trendsAnnual report
「Electricity demand is expected to increase against the backdrop of the rapid spread of AI in recent years and the construction and expansion of data centers and semiconductor plants. Securing CO2-free power sources has become essential for operating data centers and other facilities that consume vast amounts of electricity. In the United States, however, following the change in administration in January 2025, there have also been moves to increase fossil fuel production with domestic energy security as the top priority and to review the clean energy subsidies introduced by the previous administration.」
Factors affecting the decarbonization and renewable energy markets now include higher electricity demand from AI, data centers and other facilities, as well as changes in fossil fuel and subsidy policies following the change in the US administration. - FY2026-H1Update to market-size figuresAnnual report
「New renewable energy generation capacity added worldwide reached 741GW in 2024.」
New renewable energy generation capacity added worldwide has been updated from more than 473GW in 2023 to 741GW in 2024. - FY2025AdvancedAnnual report
「At COP29, held in November 2024, efforts toward decarbonization through the further adoption of renewable energy, batteries and other technologies gained momentum, with countries pledging, among other measures, to expand global energy storage capacity to 1,500GW by 2030, more than six times the 2022 level.」
The explanation of global decarbonization and expanded renewable energy adoption now includes the international target of 1,500GW of global energy storage capacity by 2030. - FY2024Update to market-size figuresAnnual report
「New renewable energy generation capacity added worldwide exceeded 473GW in 2023.」
New renewable energy generation capacity added worldwide has been updated from more than 348GW in 2022 to more than 473GW in 2023. - FY2024-Q3Greater specificity on international policy targetsAnnual report
「At COP28 (the 28th Conference of the Parties to the United Nations Framework Convention on Climate Change), held in November 2023, measures to further expand renewable energy adoption were discussed. Efforts toward decarbonization through further renewable energy adoption have gained momentum, with 123 countries pledging, among other measures, to triple global renewable energy capacity by 2030.」
A new international policy trend has been added to the discussion of expanded renewable energy adoption worldwide: at COP28, 123 countries pledged to triple capacity by 2030. - FY2024-Q2Update to market-size figuresAnnual report
「New renewable energy generation capacity added worldwide exceeded 348GW in 2022.」
New renewable energy generation capacity added worldwide has been updated from more than 314GW in 2021 to more than 348GW in 2022. - FY2024-Q1Additional coverage of energy security factorsAnnual report
「The shift from fossil fuels to renewable energy has progressed as awareness of energy security has grown in response to the Russia-Ukraine crisis. In Asia, countries have recently intensified their efforts toward decarbonization, including by further raising government targets for the future share of renewable energy supply.」
The growing focus on energy security and higher government targets in Asian countries have been added as factors behind the global expansion of renewable energy adoption. - FY2023-Q2Update to market-size figuresAnnual report
「Countries around the world are promoting initiatives related to renewable energy adoption, and new renewable energy generation capacity for renewable energy facilities worldwide exceeded 314GW in 2021.」
New renewable energy generation capacity added worldwide has been updated from more than 250GW in 2020 to more than 314GW in 2021. - FY2023-Q1RestatedAnnual report
「Renewable energy adoption is a global trend in energy policy. Countries around the world are promoting initiatives related to renewable energy adoption, and new renewable energy generation capacity added worldwide exceeded 250GW in 2020.」
The expansion of renewable energy adoption worldwide is reaffirmed against the backdrop of more than 250GW of new capacity added in 2020 and the holding of COP26. - FY2022Quantification of market sizeAnnual report
「New renewable energy generation capacity added worldwide exceeded 250GW in 2020.」
The global trend toward decarbonization and expanded renewable energy adoption is quantified as more than 250GW of new capacity added worldwide in 2020. - FY2022-Q1AdvancedAnnual report
「In February 2021, the Biden administration in the United States formally rejoined the Paris Agreement, the international framework for combating global warming, further strengthening the effectiveness of global efforts to reduce emissions. In April of the same year, a climate summit was held, and countries have strengthened their efforts toward COP26, the 26th Conference of the Parties to the United Nations Framework Convention on Climate Change, to address global warming. In Southeast Asian countries, including Vietnam and the Philippines, moves toward decarbonization have also gained momentum, with countries further raising their targets for the share of renewable energy supply in the future.」
The US rejoining the Paris Agreement, countries' efforts toward COP26, and Southeast Asian countries' higher renewable energy targets are cited to give specific form to the global trend toward decarbonization and expanded renewable energy adoption. - FY2021AdvancedAnnual report
「In April 2021, at the US-hosted climate summit, the Japanese government announced a new target of reducing CO2 emissions by 45.9% by 2030 in order to achieve carbon neutrality by 2050.」
The policy environment for decarbonization includes the government's new targets of a 45.9% reduction in CO2 emissions by 2030 and carbon neutrality by 2050. - FY2021-Q1RestatedAnnual report
「The global energy market has seen progress in the shift from fossil fuels to renewable energy, following an acceleration of global efforts by governments and the financial industry toward decarbonization, triggered by the agreement reached at COP21 (the 21st Conference of the Parties to the United Nations Framework Convention on Climate Change) at the end of 2015 on an international framework for measures to combat global warming from 2020 onward.」
The global shift toward decarbonization and from fossil fuels to renewable energy since COP21 is reaffirmed as part of the business environment. - FY2020-Q2RestatedAnnual report
「The global energy market has seen progress in the shift from fossil fuels to renewable energy, following an acceleration of global efforts by governments and the financial industry toward decarbonization, triggered by the agreement reached at COP21 (the 21st Conference of the Parties to the United Nations Framework Convention on Climate Change) at the end of 2015 on an international framework for measures to combat global warming from 2020 onward.」
The global shift toward decarbonization and from fossil fuels to renewable energy since COP21 is reaffirmed as part of the business environment. - FY2019First statedAnnual report
「Decarbonization and the expansion of renewable energy adoption are global trends, and the Japanese government has a policy of raising the share of renewable energy, excluding hydropower, in domestic electricity generation to approximately twice its current level as part of the energy mix in 2030.」
The global decarbonization and energy transition, together with the Japanese government's policy of raising the renewable energy share, is explicitly identified as part of the operating environment.