Renewables Will Overtake Coal by Early 2025, Energy Agency Says In a new report, the international group said that solar, wind and other renewable sources will expand much more swiftly than forecast last year.Renewables are posed to overtake coal as the largest source of electricity generation by early 2025, the report found, a pattern driven in large part by the global energy crisis linked to the war in Ukraine.Despite the scientific consensus that the world must move away from fossil fuels to avoid the worst consequences of global warming, Saudi Arabia is deploying lobbying, research funding and diplomatic activities to keep oil at the center of the world economy.The United States passed the Inflation Reduction Act this year, a landmark climate and tax law that, among many investments to reduce planet-warming greenhouse gas emissions, made an “unforeseen” expansion in long-term tax credits for solar and wind projects extending through 2032, Mr. Bahar said.“We are still not there,” Mr. Bahar said, but the agency’s new report indicates that narrowing the gap is “within the reach of government policies and actions.” The main obstacles in wealthy countries are lengthy permitting procedures and lack of improvements and expansion to grid infrastructure, the report said."