IEA The World Will Struggle to Triple Its Renewable Energy Capacity by 2030

The world is still off track to reach a key goal set at the COP28 climate summit last year—tripling renewables capacity by 2030, the International Energy Agency IEA said in a report on Tuesday. At the COP28 climate summit in Dubai at the end of 2023, nearly 200 countries made a collective pledge to triple global renewable capacity by 2030, aiming to keep within reach the Paris Agreement target of limiting global warming to 1.5 degrees Celsius.

Government ambitions significantly exceed what is in existing NDCs, while the current levels of ambition vary drastically across countries, according to the agency’s analysis. Moreover, the scale and speed of renewables rollout in China will be “crucial for the overall pace of global deployment through 2030,” the IEA noted. Now is the time for countries to set out more ambitious renewables targets in their respective NDCs, it added.

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