COP28 Goal of Tripling Renewables Feasible Only with Urgent Global Course Correction

Abu Dhabi, United Arab Emirates/Berlin, Germany, 19 March 2024 – Achieving the global target set at COP28 to triple renewable power capacity by 2030 relies heavily on establishing conducive conditions for such growth. Tripling renewable power capacity by 2030 is technically feasible and economically viable, but its delivery requires determination, policy support and investment at-scale. 

The International Renewable Energy Agency (IRENA)'s latest brief, Tracking COP28 outcomes: Tripling renewable power capacity by 2030, highlights that 2023 has set a new record in renewable deployment, adding 473 gigawatts (GW) to the global energy mix. However, the brief concludes that tripling renewable power capacity depends on overcoming systemic and structural barriers to the energy transition.

Learn more and read the full press release on IRENA's website here.

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