Annual renewable power must triple by 2030

Annual renewable power must triple by 2030

The world must add an average of 1,000 gigawatt (GW) of renewable power capacity annually by 2030, as well as significantly increase the direct use of renewables in end-use sectors, the International Renewable Energy Agency (Irena) said in a report on Thursday. In the first volume of its World Energy Transitions Outlook (WETO) 2023 released today, Irena identifies the way forward to immediately course correct the 1.5°C climate pathway. The report calls for raised global ambition in renewables deployment, enabled by physical infrastructure, policy, and regulations, and underlining institutional and workforce capabilities. The WETO 2023: 1.5°C Pathway positions electrification and efficiency as key transition drivers, enabled by renewable energy, clean hydrogen, and sustainable biomass and tracks implementation across all energy sectors. According to the latest edition, some progress has been made, mainly in the power sector with record additions in global renewable capacity of 300GW in 2022. However, the gap between what has been achieved and what is required continues to grow. More ambitious renewable energy targets are needed; With the first Global Stocktake concluding at COP28 in the UAE, WETO provides much-needed clarity on priority actions in the coming years. Irena’s Director-General Francesco La Camera said: “We face the