The IEA assures that the capacity of renewables by 2030 will be below what was agreed at COP28

Installed capacity for renewables will increase globally by 2.6 times by 2030, falling short of the triple agreed at COP28 in Dubai in 2023, according to a report published Friday by the International Energy Agency (IEA).

The document, released just three days before the start of COP31 in Antalya (Turkey), indicates that, under today’s policies and market conditions, the world will not be able to triple renewable capacity until 2032, “highlighting the difference between robust ambition and the implementation” of the measures. Thus, cumulative renewable capacity is expected to stand at around 9,710 GW in 2030 – a 2.6-fold increase on 2022 levels – in line with last year’s forecasts.

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