Global leaders reached a historic agreement at COP28 to triple renewable energy by 2030 to keep a 1.5°C pathway within reach – but the world will have to overcome five key challenges to turn words into action.
As the annual climate summit comes to a close in Dubai, much of the focus has centred on language around the phasing out of fossil fuels. Near unanimous condemnation of the first draft of the agreement has made way for a split verdict on the final text released today (Wednesday).
Where there is certainly widespread celebration however is the summit agreement – dubbed “the UAE Consensus” – calling on countries to triple their renewable energy capacity globally by the end of the decade.
That followed representatives of at least 130 countries having separately pledged to hit that same target.
That will mean increasing installed renewables from 3.4TW of capacity globally at the end of last year to 11TW by 2030.
“Tripling renewable capacity worldwide is the single biggest action required this decade for the climate,” Katye Altieri, an analyst at global energy think tank Ember, tells Recharge.
“This goal is within sight if governments set targets that reflect the current pace of change and roll out robust new policies to supercharge the building of solar and wind power.”
Bruce Douglas, CEO of the Global Renewables Alliance, said the inclusion of this goal is “unprecedented and signals the start of a massive clean energy revolution.”
“It is the first time all nations have recognised renewable energy as the main solution to the climate crisis, representing a paradigm shift in the energy transition.”
However, if tripling renewables is to be more than just talk – or “blah, blah, blah,” as activist Greta Thunberg once labelled empty words from world leaders on climate action – then there are five key challenges that will have to be overcome.
Set ambitious targets
One ambitious target calls for others. To triple renewables globally, individual countries now need to step up their game.
https://www.rechargenews.com/energy-transition/five-challenges-the-world-faces-to-meet-cop28s-triple-renewable-energy-goal/2-1-1570906
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