More than half of the world's electricity will be generated by low-emission sources before 2030 but the deployment of clean energy is "far from uniform" across the globe, the International Energy Agency said Wednesday.

More than half of the world's electricity will be produced by low-emission sources before 2030 but the deployment of clean energy is "far from uniform" across the globe, the International Energy Agency said Wednesday.

Renewable energy production is expanding at an unprecedented pace, led by the rapid rise of solar power. At the same time, the world’s insatiable demand for more energy led to an increase in the production of fossil fuels,

The International Energy Agency predicts that fossil fuel demand will peak by the end of the decade, leading to surplus supplies and potential investment in green energy. Surplus fossil fuels could lead to lower prices and enable more clean energy investments,