Despite a record renewable growth in 2023, the energy transition remains off track due to persistent structural barriers and a notable shortfall in investment.
Dubai, United Arab Emirates / Berlin, Germany, 19 March 2024 – Achieving the global target set at COP28 to triple renewable power capacity by 2030 relies heavily on establishing conducive conditions for such growth. Tripling renewable power capacity by 2030 is technically feasible and economically viable, but its delivery requires determination, policy support and investment at-scale.
Tracking COP28 outcomes: Tripling renewable power capacity by 2030 highlights that 2023 has set a new record in renewable deployment, adding 473 gigawatts (GW) to the global energy ...