The wind industry installed 93GW of new capacity in 2020, a 53% year-on-year increase, according to a new report from the Global Wind Energy Council (GWEC). The global wind power market has nearly quadrupled in size over the past decade with record growth in 2020 driven by a surge of installations in China and the US, the 'Global Wind Report 2021' found. Together, the US and China installed 75% of new installations in 2020 and account for over half of the world’s total wind power capacity, said GWEC. Today, there is now 743GW of wind power capacity worldwide GWEC’s 16th annual flagship report found. GWEC’s report shows that the current rate of wind power deployment will not be enough to achieve carbon neutrality by the middle of this century, and said “urgent action” must be taken by policymakers now to scale up wind power at the necessary pace.