The world risks missing the tripling renewables target pledged at COP28

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News flash

The Renewable Energy Statistics 2024 released recently by the International Renewable Energy Agency (IRENA)ย shows that despite renewables becoming the fastest growing source of power, the world risks missing the tripling renewables target pledged at COP28.

To stay the course, the world will now have to grow renewables capacity at a minimum 16.4% rate annually through 2030.ย Policy makers play a crucial role in supporting the shifts by adapting market structures, eliminating distorting fossil fuel subsidies and establishing effective carbon pricing mechanisms. Turning the COP28 pledge into reality and increasing renewable power capacity dramatically in these remaining 7 years to 11.2 Terawatts thus calls for urgent policy interventions.

Click HERE to read the report.

Source: GBA

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Green Building Africa promotes the need for net carbon zero buildings and cities in Africa. We are fiercely independent and encourage outlying thinkers to contribute to the #netcarbonzero movement. Climate change is upon us and now is the time to react in a more diverse and broader approach to sustainability in the built environment. We challenge architects, property developers, urban planners, renewable energy professionals and green building specialists. We also challenge the funding houses and regulators and the role they play in facilitating investment into green projects. Lastly, we explore and investigate new technology and real-time data to speed up the journey in realising a net carbon zero environment for our children.

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