China may lead the renewable energy race and is projected to add more renewable energy facilities than the combined efforts from the U.S., European Union and Japan through 2035, according to a new report from the International Energy Agency. The report also projected that the share of hydropower, biomass, wind and solar energy in the world's supply will surpass 30% in two decades. Advances in solar and wind power technology will help increase output in these sectors by 45%.

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