About the RBE Tracker and Hub: Building on 20 years of the Renewables Global Status Report, the RBE Tracker and Hub move beyond tracking renewable deployment in isolation to exploring how renewables shape economies, societies and energy systems. Bringing together data, insights and visual tools in one place, the Hub offers a more accessible, interactive and collaborative way to understand the transition to renewables-based economies.
Developed as part of REN21's new Renewables-Based Economy Hub, the RBE Tracker is the first global tool designed to measure how renewable energy is reshaping economies through its impacts on energy security, industry, investment, infrastructure, resilience and broader socio-economic outcomes. This tool provides strategic guidance on the energy transition for policymakers.
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The Renewables-Based Economy (RBE) Hub was created to track and demonstrate that renewable energy delivers innate, system-wide benefits, driving whole-economy transformations.
Renewable energy is growing at record speed and has the potential to reshape global economies around energy security, resilience and prosperity.
Yet the policies, financial frameworks and infrastructure needed to support a renewables-based economy are not keeping pace.
According to the first edition of the REN21 Renewables-Based Economy (RBE) Tracker, released today, renewable energy technologies are scaling rapidly with wide social and economic benefits, but investments, policy and infrastructure remain largely organised around fossil fuels.
The findings come as a new energy crisis, affecting markets and shipping routes around the Strait of Hormuz, continues to expose the economic and geopolitical risks of fossil fuel dependence. Against this backdrop, the report argues that renewable energy should be viewed as a strategic asset for energy security and economic resilience, and not only as a climate solution.
Renewable energy is growing at record speed and has the potential to reshape global economies around energy security, resilience and prosperity
The RBE Tracker highlights that renewables now account for 85-90% of new global power capacity additions. Yet modern renewables still make up only around 15% of all energy use globally, while fossil fuels continue to supply around 80%.
Economic systems remain organised around fossil fuels
Renewable energy growth is not yet transforming the whole energy system