Private and public sectors call for an ambitious global target of tripling total renewable energy capacity to 11 TW by 2030

July 27, 2023

Share this article:

Twitter
LinkedIn

The world’s leading renewable energy voices have joined with the COP28 Presidency and European Commission to ensure an ambitious 2030 global renewable target is at the top of  the agenda at the COP 28 Conference in Dubai this December. 

Goa, 27 July 2023 – In an announcement at the 14th Clean Energy Ministerial (CEM14) over  the weekend, the private and public sector, represented by the International Renewable  Energy Agency (IRENA), the Global Renewables Alliance (GRA), COP28 Presidency, and other  key government representatives, strengthened their collaboration on efforts to put in place  a 2030 global renewable energy target to triple total installed capacity to 11 TW by 2030.  This would help accelerate the rapid deployment of renewable energy across the world.

The meeting was organised by IRENA, GRA, the Global Solar Council (GSC) and the Global  Wind Energy Council (GWEC) against a backdrop of daily record temperatures, weather induced disasters and security challenges – the urgency for action is clear. They convened  key representatives from governments and industries worldwide to engage in constructive  dialogues and identify actionable strategies to put in place a global renewables target on the  road to COP28. The dialogue also discussed how to unleash the potential of renewables by  overcoming barriers such as permitting red tape, while putting in place important enablers  such as financing mechanisms and clear regulatory frameworks.

His Excellency Dr. Sultan Al Jaber, COP28 President-Designate said: “We must come  together at COP28 as a global community more committed than ever to fighting climate  change. As part of our presidency this year, we want to take the opportunity to raise global  ambitions on key climate solutions. Renewable energy is one of those solutions, and we are  calling for all countries to commit to supporting a global tripling of renewable capacity as  well as a doubling of energy efficiency progress by 2030“.

“IRENA’s World Energy Transitions Outlook positions the renewables-based energy  transition as the most realistic climate solution and calls for total renewable power capacity  to more than triple by 2030, compared to 2022 levels, to over 11 TW globally,” said IRENA  Director-General Francesco La Camera. “While every region and country must tailor its own  approach, this global target clearly underscores the scale and speed required for the energy  transition, highlighting the urgent need for COP28 to address the existing structural barriers  that impede progress.”

Director Paula Pinho from the European Commission said: “We need to speed up the  deployment of renewables to triple our capacity and double our energy efficiency  improvements in this decade. This should be the basis for setting up a global pledge at COP28. We believe such a pledge is the only solution to bring the world back on track with a  1.5°C trajectory. And it will give industry and investors a clear sense of direction.”

Bruce Douglas, CEO of The Global Renewables Alliance said: “Raising renewable energy  ambitions, and taking concrete action to deliver on those targets, is the very minimum we  should be doing. The renewables industry is delighted to be aligning with important bodies  such as IRENA, European Commission and COP Presidency in calling for an ambitious global  renewables target to triple total installed capacity to at least 11 TW by 2030.

However, even more important is urgently putting in place the policy frameworks, finance  mechanisms, accelerated permitting, grid infrastructure and supply chain support to enable  the unprecedented growth of renewable energy. We need ambition now, action now,  #RenewablesNow.”

 


 

About COP28

The 28th Conference of the Parties (COP28) is an annual United Nations conference that brings together nations to discuss and negotiate global actions on climate change. COP28 plays a pivotal role in shaping international policies and agreements to combat climate change and mitigate its impacts.

Website I Twitter I LinkedIn I Facebook I Instagram

 

About the International Renewable Energy Agency (IRENA) 

IRENA is the lead intergovernmental agency for the global energy transformation that supports countries in their transition to a sustainable energy future and serves as the principal platform for international co-operation, a centre of excellence, and a repository of policy, technology, resource and financial knowledge on renewable energy. With 168 Members (167 States and the European Union) and 16 additional countries in the accession process and actively engaged, IRENA promotes the widespread adoption and sustainable use of all forms of renewable energy in the pursuit of sustainable development, energy access, energy security and low-carbon economic growth and prosperity.

Website I Twitter I LinkedIn I Facebook

Contact 

Nanda F. Moenandar, Communications Officer, IRENA, NMoenandar@irena.org, +97124147101

About the Global Renewables Alliance

The Global Renewables Alliance ( GRA) represents the leading international industry players and provides a unified renewable energy voice. Comprised of founding members the Global Wind Energy Council, the Global Solar Council, the International Hydropower Association, the International Geothermal Association, the Long Duration Energy Storage Council and the Green Hydrogen Organisation, the Alliance aims to increase ambition and accelerate the uptake of renewable energy across the world.  #3xRenewables.

Contact

Saga Henriksdotter

Policy & Communications Officer