Renewable Energy Generation StatusGlobally, renewable energy has achieved significant milestones in power generation: Renewables-based electricity generation is forecast to overtake coal-fired generation in 2025. However, current growth rates are still short of the annual growth (16.6%) needed to triple global renewable energy capacity by 2030, a goal pledged by 130 countries at COP28.

 Renewable Energy Generation Status
Globally, renewable energy has achieved significant milestones in power generation: Renewables-based electricity generation is forecast to overtake coal-fired generation in 2025. However, current growth rates are still short of the annual growth (16.6%) needed to triple global renewable energy capacity by 2030, a goal pledged by 130 countries at COP28. 
Carbon Deposits:-
"Carbon deposits" can refer to two distinct concepts:
Share of Electricity: -
Renewables accounted for over 40% of global electricity generation in 2024, surpassing 30% for the first time in 2023. This is largely driven by solar and wind power.
Capacity Additions: -
Global renewable power capacity grew by a record-breaking 15.1% in 2024, reaching a total of 4,448 gigawatts (GW). Renewables made up over 90% of all new power capacity added globally in 2024.
Leading Sources: -
Solar PV is the fastest-growing source, accounting for more than three-quarters of new renewable additions in 2024.         

   Wind power is the second largest contributor to new growth. Hydropower remains the largest source of existing renewable electricity capacity.
Regional Dominance: -
Asia, particularly China, leads the world in renewable energy capacity additions, accounting for nearly two-thirds of the global increase in 2024.

Future Outlook: -
Fossil Fuel Reserves: -
These are naturally occurring underground deposits of coal, oil, and natural gas. Burning these fuels for energy is the primary driver of anthropogenic greenhouse gas (GHG) emissions and climate change.Fossil fuels still account for nearly 60% of global electricity generation.
Global energy-related CO2 emissions continued to rise in 2023 and 2024, reaching record highs.
The goal of the global energy transition is to leave most of these carbon deposits in the ground by replacing them with renewable energy sources to limit global warming.
Industrial/Chemical Deposits: -
This refers to the accumulation of carbon/coke on surfaces, such as in engines, furnaces, or catalysts in industrial processes. 
Relationship between Renewable Energy and Carbon Deposits:-
The accelerated deployment of renewable energy directly addresses the issue of fossil fuel carbon deposits by:
Displacing Use: -
Every kilowatt-hour of electricity generated by solar or wind power displaces a kWh that would otherwise come from burning fossil fuels, thus reducing the amount of carbon extracted and emitted from natural deposits.
Mitigating Emissions:-
 Renewables produce little to no GHG emissions during operation, which helps lower the overall carbon intensity of the power sector.
Creating Carbon Sinks: -
India, for example, has policies aimed at creating additional carbon sinks through extensive tree planting programs to offset past environmental impacts. 
Sources

Total installed capacity (MW)Wind power-  22,465.03 MW
Solar energy-3063.68 MW
Small hydro power-3990.83 MW
Biomass power-1365.20 MW
Biogas power generation:2800.35 MW
Wade to power:107.58MW
Total:33,791.74 MW
MJF Lion ER YK Sharma 

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