Actions to deliver 3xRenewables

At COP28 world leaders agreed to triple the global renewable energy capacity by 2030. Now, it’s Time 4 Action to deliver on the commitment. 

With action on finance, supply chains, permits and grids, the full renewables potential can be unleashed, providing the needed 11.000 renewable gigawatts by 2030 to reroute onto the 1.5 degree pathway.

See more on the four core actions in GRA’s action agenda.

Increase renewable energy investment in terms of speed, scale, and distribution. Focus on scaling up investment flows – especially in EMDEs – by mobilising both public and private finance to deliver the $10 Trillion required to triple renewables by 2030.

Establish robust, secure and resilient renewable energy supply chains. These serve as a critical foundation necessary to achieve the scale and speed required to reach the tripling renewables target by 2030.
Streamline planning and permitting processes to reduce time and cost constraints of renewable energy projects. Acceleration is urgently needed to triple renewables by 2030 – it still takes longer to permit a project in many markets than it does to build one.
Increase much-needed investment in new grid infrastructure and optimise the existing grid system to create a renewables-fit energy system. Investment in power generation needs to go hand in hand with transmission & distribution infrastructure investment to triple renewables by 2030.
June 14, 2024

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