Private and public sectors call for an ambitious global target of tripling total renewable energy capacity to 11 TW by 2030
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.”
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.
About the Global Renewables Alliance
The Global Renewables Alliance (The 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. #RenewablesNow
Alex Bath, Communications Director, GRA, +447515759537, email@example.com
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.
Nanda F. Moenandar, Communications Officer, IRENA, NMoenandar@irena.org, +97124147101