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