Stalled Ambitions: Global Renewable Energy Targets Lag Behind

Efforts to triple global renewable energy capacity by 2030 have stagnated, according to a recent analysis, with an increase of only 2 percent in ambition since the COP28 agreement in 2023. This slow progression poses risks to climate progress, energy security, and economic resilience, as reported by think tank Ember.

The 2030 renewable energy targets, currently aggregating to 7.4 terawatts, fall significantly short of the required 11 terawatts to meet global goals. Despite the landmark COP28 commitment, most national targets remain unchanged, with only 22 countries revising their targets since the agreement.

Katye Altieri, Global Electricity Analyst at Ember, highlights the strategic importance of setting national renewables targets to smartly build capacity and integrate into systems. The impending COP30 in Brazil presents an opportunity for countries to align with the global pledge and accelerate clean energy investments.

(With inputs from agencies.)