World Will Miss Target of Tripling Renewable Electricity Generation By 2030, IEA Says
The world is off track to meet the goal of tripling renewable electricity generation by 2030, a target viewed as vital to enable a swift global transition away from fossil fuels, but there are promising signs that the pace of progress may be picking up.
Countries agreed last December on a tripling of renewable power by the end of this decade. But few have yet taken concrete steps to meet this requirement and on current policies and trends global renewable generation capacity would only roughly double in developed countries, and slightly more than double globally by 2030, according to an analysis by the International Energy Agency.
Governments should include targets and policies on renewables in their national action plans for the climate (called nationally determined contributions, or NDCs), which are a requirement under the Paris agreement, the IEA found. Many currently fail to do so, even though vast increases in renewable power are essential to meeting the treaty's aspiration of limiting temperature rises to 1.5C above pre-industrial levels.
The IEA, the gold standard for global energy research, analysed the domestic policies and targets of nearly 150 countries, and found they would result in about 8,000GW of renewable energy capacity by 2030. That amount is about 70% of what is necessary to reach 11,000GW of capacity, the amount needed for the tripling goal agreed at the Cop28 UN climate summit in Dubai last year.