Call for Tripling Annual Renewable Power by 2030

In the first volume of the World Energy Transitions Outlook 2023, the International Renewable Energy Agency calls for annual renewable power additions of 1,000 GW by 2030 to keep the 1.5°C climate target within reach.
More specifically, IRENA identifies the way forward to immediately course correct the 1.5°C climate pathway and calls for raised global ambition in renewables deployment, enabled by physical infrastructure, policy and regulations and underlining institutional and workforce capabilities, the Offshore Energy website reported.
The WETO 2023: 1.5°C Pathway volume positions electrification and efficiency as key transition drivers, enabled by renewable energy, clean hydrogen and sustainable biomass, and tracks implementation across all energy sectors.
In the report, IRENA pointed out that even though some progress has been made, mainly in the power sector with record additions in the global renewable capacity of 300 GW in 2022, the gap between what has been achieved and what is required continues to grow.
It noted that getting the 1.5° pathway back on track requires addressing the lack of physical infrastructure, the absence of enabling policies and regulations and misalignments in skills and institutional capacity.
The agency said WETO provides the analyses and the narrative for COP28 and the call by the COP28 President-Designate Sultan Ahmed AL JABER to build coalitions that deliver end-to-end support across the renewables ecosystem.