Renewables Growth Rate Insufficient To Reach 2030 Target, Says IRENA

Summary:

  1. The world risks missing the goal to triple renewable energy capacity by 2030, as current growth rates are inadequate, according to IRENA.

  2. Last year’s 14% increase in capacity added 473 GW, the largest annual growth since 2000, but below the 16.4% annual rate needed to meet the target.

  3. If the 14% rate continues, the 11 TW target will fall 1.5 TW short, highlighting the need for increased efforts.

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