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Home / News / COP 28 presidency pushes for targets to triple renewables by 2030

COP 28 presidency pushes for targets to triple renewables by 2030

Solar and wind should account for around 90% of renewable energy capacity additions, report finds
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  • Photo by Mateus Badra Mateus Badra
  • October 31, 2023, at 14:52 PM
2 min 41 sec read
31-10-23-canal-solar-Presidency of COP 28 pushes for targets to triple renewables by 2030
World leaders have come together to accelerate the energy transition. Photo: Reproduction

A Presidency da COP 28, IRENA (International Renewable Energy Agency) and the GRA (Global Renewable Alliance) published, this Monday (30), a joint report pressuring world leaders to increase global energy capacity renewable energy to at least 11.000 GW by 2030.

This goal represents one of the most important levers for advancing the energy transition this decade. According to the document, which was presented during the Pre-COP Summit 28, held in Abu-Dhabi, the solar energy and wind should account for about 90% of renewable energy capacity additions.

The report outlined five concrete and urgent recommendations for policymakers in each of the following areas:

  1. System infrastructure and operation;
  2. Policy and regulation;
  3. Supply chains, skills and capabilities;
  4. Finance; It is
  5. International collaboration.

On the demand side, improvements in energy efficiency will be key. The global annual rate of improvement in energy intensity would need to double by 2030 from the current level in IRENA's 1,5°C scenario, helping to contain the growth in global final electricity consumption without compromising the provision of energy services.

“Tripling the deployment of renewable energy generation and doubling energy efficiency are among the most important levers for reducing greenhouse gas emissions. I now call on everyone to come together, commit to common goals and take comprehensive national and international action to make our ambitions a reality,” said Sultan Al Jaber, President of COP 28.

Pre-COP 28 Summit held in Abu-Dhabi. Photo: Reproduction
Pre-COP 28 Summit held in Abu-Dhabi. Photo: Reproduction

Francesco La Camera, director general of IRENA, added that the mission is as clear as it is urgent: “We need concerted action to triple renewable energy capacity. This includes urgently addressing the deep-rooted systemic barriers to infrastructure, policy and institutional capabilities arising from the fossil fuel era.”

“These measures will deliver cleaner electrical systems, open up access to affordable energy and provide clean, green jobs for millions of people. The rapid expansion of renewables will require policymakers to work together with industry and civil society to urgently implement the enabling actions in this report – infrastructure and system operation; policy and regulation; and supply chains, skills and capabilities”, highlighted Bruce Douglas, CEO of the Global Renewables Alliance.

About the report

The text details existing deficiencies, identifies key enablers, and provides key recommendations on the means to achieve renewable energy and energy efficiency goals.

It also offers new insights into the private sector perspective, adding much more concrete, grassroots-level recommendations on encouraging flexibility in energy systems, accelerating licensing, strengthening supply chains, using windfall tax revenue and carbon pricing mechanisms, among others.

COP28 PVSyst and Solergo Course renewable energy IRENA (International Renewable Energy Agency)
Photo by Mateus Badra
Mateus Badra
Journalist graduated from PUC-Campinas. He worked as a producer, reporter and presenter on TV Bandeirantes and Metro Jornal. He has been following the Brazilian electricity sector since 2020.
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