If we accelerate, we can triple renewables capacity by 2030.The study by the International Energy Agency

In 2023, renewable energy installations exceeded those of the previous year by 50 percent.A record, but we still need to do more.

• The International Energy Agency (IEA) has published the Renewables 2023 report.
• New renewable energy installations approached 510 gigawatts (GW), 50 percent more than in 2022.
• China is above all driving the growth of clean energy.
• The goal of tripling renewable energy capacity by 2030 is achievable, but further efforts are needed.

Triple renewable energy capacity by 2030.This is it the objective That the International Energy Agency (IEA) has indicated as a priority, in order to be able to comply the Paris Climate Agreement.And which was also put on paper in global shocktake, the first global climate action budget, approved at Cop28 in Dubai.Now, the IEA itself says that the world is not yet fully on track to reach this goal, but it can do it.The data in the report demonstrates this Renewables 2023, published on January 11, 2024.

The record of renewables, driven by China

Over the course of 2023, the new renewable energy installations they touched the 510 gigawatts (GW), 50 percent more than the previous year.It's a new one record, the twenty-second in a row.While Europe, the United States and Brazil all set records in terms of increasing installed capacity, it was the China to drive the global market, with an acceleration that the International Energy Agency describes as "extraordinary".

In 2023, alone, the Asian giant has commissioned a quantity of photovoltaic solar energy equivalent to that of the entire world the previous year.And also the installations of wind energy they jumped 66 percent in the space of a year.Despite having stopped in 2021 to provide incentives for new plants, the development of onshore wind and photovoltaic parks (on the ground) continues to accelerate.According to IEA forecasts, China will hit the mark already this year the objectives, in terms of wind and solar installations, which it had set itself for 2030.And it alone will install more than half of the new renewable capacity needed globally for the current decade.

Triple renewables by 2030:an achievable goal

Based on current policy and market conditions, the International Energy Agency estimates that global renewables capacity will grow to 7,300 gigawatts in the period 2023-2028.Photovoltaic and wind power take the lion's share:alone, they account for 95 percent of this expansion.The renewables overtaking coal as a source of electricity it is already planned for the beginning of 2025.

The signals are therefore excellent, but not yet sufficient.Because, by doing so, global renewable capacity would increase 2.5 times by 2030.And the objective established at COP28 in Dubai is more ambitious:must triple it compared to 2022 levels, breaking through the ceiling of 11 thousand gigawatts by 2030.Efforts are still needed, therefore, but they are within our reach.

“In my opinion, the most important challenge for the international community is to rapidly increase the financing and development of renewables in most countries. emerging and developing economies, many of which are being left behind in the new energy economy,” explains the Executive Director of the International Energy Agency, Fatih Birol.