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COP28 urges countries to triple renewable energy capacity by 2030
A joint report calls for doubling energy efficiency, urging targets with specific time frames.
People, wildlife, and ecosystems face imminent threats from climate change. Experts have warned that the 1.5 degrees Celsius threshold will be crossed in the coming decade. As part of efforts to stop global warming, it’s critical to increase renewable energy.
In a joint report, the COP28 presidency, the International Renewable Energy Agency (IRENA), and the Global Renewables Alliance said countries need to increase renewable energy and “reach more than 11,000 GW” by 2030, meaning to triple renewable energy capacity.
The report also called for doubling energy efficiency, urging targets with specific time frames, strong regulatory frameworks, financial incentives, and awareness campaigns.
Thus far, 20 nations, including China, the US, and India, agreed in September to push for tripling their renewable energy supply by the target year.
However, according to observers, striking a renewable energy deal among the nearly 200 countries that attend COP28 meetings will be an uphill task as it must be paired with a commitment to phase out CO2-emitting fossil fuels, which has faced resistance from fossil fuel-reliant economies.