The world will fall short of the UN target of tripling renewable capacity by 2030, despite the fact that many countries are expected to reach or exceed their national targets, according to the latest report from the International Energy Agency.
The report, titled Renewable Energy Sources 2024, stated that the world is scheduled to deploy more than 5.5 terawatts of renewable energy between now and 2030, three times the additions between 2017 and 2023, and equivalent to the current energy capacity in China, India, and the United States. and the European Union together.
A total of 70 countries, representing 80% of global renewable energy capacity, will lead this trend and are expected to reach or exceed their national renewable energy targets.
“Renewables are moving faster than national governments can set targets,” said Fatih Birol, Executive Director of the International Energy Agency. “This is not only mainly because of efforts to reduce emissions or enhance energy security, but increasingly because renewables Today they provide the cheapest option for adding new power plants in almost all countries around the world.
However, this will not be enough to achieve the UN target set by the UN at the UN Climate Change Conference (COP28) last year. According to the International Energy Agency, achieving the UN target will require modernizing 25 million kilometers of electricity grids, matching the speed of deployment of renewable energy sources with the speed of their integration into the grid and building 1.5 terawatts of energy storage.
Solar photovoltaic energy It is scheduled to account for 80% renewable energy by 2030 and wind energy to double its current rate of expansion.
according to Energy technologyParent company, Global dataChina, the United States, Germany and India are the four leading countries in solar and wind power generation worldwide. Last month, the International Energy Agency issued a report They claim that tripling renewable energy capacity by 2030 and doubling the energy efficiency rate would reduce global greenhouse gas emissions by ten billion tons.
“Renewables are falling short of the UN target of a three-fold increase despite meeting national targets,” the IEA says. Energy technologywhich is a trademark of GlobalData.
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