🌍🚨 Just released yesterday at #COP29: International Renewable Energy Agency (IRENA)’s 𝐖𝐨𝐫𝐥𝐝 𝐄𝐧𝐞𝐫𝐠𝐲 𝐓𝐫𝐚𝐧𝐬𝐢𝐭𝐢𝐨𝐧𝐬 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 𝟐𝟎𝟐𝟒 report reveals a critical reality — 𝐭𝐡𝐞 𝐠𝐥𝐨𝐛𝐚𝐥 𝐞𝐧𝐞𝐫𝐠𝐲 𝐭𝐫𝐚𝐧𝐬𝐢𝐭𝐢𝐨𝐧 𝐢𝐬 𝐧𝐨𝐭 𝐞𝐧𝐨𝐮𝐠𝐡 𝐭𝐨 𝐦𝐞𝐞𝐭 𝐭𝐡𝐞 𝟏.𝟓°𝐂 𝐜𝐥𝐢𝐦𝐚𝐭𝐞 𝐭𝐚𝐫𝐠𝐞𝐭. Despite record growth in renewables in 2023, investments remain highly concentrated in a few regions, leaving much of the world behind. Read the full report here https://lnkd.in/dg_RXX2h or a brief recap below: 1️⃣ The world needs to triple renewable power capacity and double energy efficiency by 2030 to stay on track 2️⃣ A massive $47 trillion is required in investments from 2024 to 2030 in the energy sector, including renewables, energy grids, efficiency, and conservation 3️⃣ Collaboration is key to channelling much-needed funds to less developed countries, ensuring an inclusive transition that leaves no one behind #EnergyTransition #Renewables #Sustainability #ClimateAction #COP29 #Decarbonization #NetZero #ClimateResilience #EnergyEfficiency #RenewableInvestments #GlobalCollaboration #JustTransition #EnergyInnovation #ZeroEmissions #SustainableGrowth #GreenEconomy #FutureOfEnergy
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The first-ever Global Renewables Summit, held during #ClimateWeekNYC, gathered global energy leaders to advance the collective mission of tripling renewable energy deployment by 2030, as outlined in the #COP28 commitment to #3xRenewables. This landmark event marked a critical milestone in addressing climate change and scaling up sustainable energy solutions worldwide. The summit focused on identifying actionable strategies to accelerate the transition to renewable energy, a key objective for mitigating global warming and enhancing energy security. Leaders from governments, international organizations, and private sectors convened to explore opportunities, share innovative solutions, and foster collaboration. One of the primary themes was mobilizing finance to support large-scale renewable energy projects, especially in developing economies. Stakeholders emphasized the need for increased public and private investment, policy reforms, and technological innovations to enable a swift energy transition. The summit highlighted the urgency of aligning financial flows with renewable energy goals to meet the global climate objectives by the end of the decade. Many discussions centered on facilitating financing mechanisms, including green bonds, public-private partnerships, and international funding programs, to bridge the investment gap for renewable projects. Additionally, the summit showcased technological advancements in wind, solar, and hydro energy, while exploring the potential of emerging energy technologies such as hydrogen and battery storage. In conclusion, the Global Renewables Summit succeeded in advancing critical dialogues and laying the foundation for future actions to scale up renewable energy deployment. As the world moves toward #COP28, this event reaffirmed the commitment of global leaders to achieve the ambitious target of tripling renewables by 2030. #ClimateAction #SustainableEnergy #RenewableEnergy
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Some 200 countries agreed at COP28 to triple global renewable capacity by 2030, but more work is needed to step up ambition & implementation. Only 14 countries have explicit renewable capacity targets in their current commitments under the Paris Agreement. Read more → https://iea.li/3XqoAP9 If we go by what's in countries' Nationally Determined Contributions, or NDCs, under the Paris Agreement, it would get us to only 12% of what's needed by 2030 to triple renewables. If we add in countries' existing policies & plans, we get up to 70%. More in the International Energy Agency (IEA)’s latest report → https://iea.li/4e6GX1e Today’s levels of ambition for renewable capacity vary widely by country. Nearly 30 countries, led by China, aim for a doubling-to-tripling of their renewable capacity by 2030, representing almost 75% of current global ambitions. More in our data explorer → https://iea.li/3yLgmXr Countries worldwide need to decide how they can contribute to closing the gap that remains between their existing plans & the global goal of tripling renewables by 2030. A key part of this is supporting the scaling up of clean energy investment in emerging & developing economies. The updated Nationally Determined Contributions on which countries will work in the months ahead offer a major opportunity to align their domestic plans and NDCs with the global goal of tripling #renewables as well as with other key COP28 outcomes. Tripling global renewable capacity by 2030 is just one of the key pledges from #COP28. We need to deliver on all of them if we want to achieve international energy & climate goals. IEA is tracking progress on all the energy outcomes agreed at COP28 → https://iea.li/3Vq5BCy
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Entrepreneur | Grid Innovation | AI for Energy | Green Energy | Renewable l Sustainability l SmartGrid l Carbon Credits
It's promising to see the global commitment to triple renewable capacity by 2030 from COP28. The current NDCs show we're far from reaching that goal. It's crucial for countries to align their national plans with this ambitious target and invest more in clean energy, especially in emerging economies. The upcoming NDC updates present a vital opportunity to close the gap and achieve our climate goals.
Some 200 countries agreed at COP28 to triple global renewable capacity by 2030, but more work is needed to step up ambition & implementation. Only 14 countries have explicit renewable capacity targets in their current commitments under the Paris Agreement. Read more → https://iea.li/3XqoAP9 If we go by what's in countries' Nationally Determined Contributions, or NDCs, under the Paris Agreement, it would get us to only 12% of what's needed by 2030 to triple renewables. If we add in countries' existing policies & plans, we get up to 70%. More in the International Energy Agency (IEA)’s latest report → https://iea.li/4e6GX1e Today’s levels of ambition for renewable capacity vary widely by country. Nearly 30 countries, led by China, aim for a doubling-to-tripling of their renewable capacity by 2030, representing almost 75% of current global ambitions. More in our data explorer → https://iea.li/3yLgmXr Countries worldwide need to decide how they can contribute to closing the gap that remains between their existing plans & the global goal of tripling renewables by 2030. A key part of this is supporting the scaling up of clean energy investment in emerging & developing economies. The updated Nationally Determined Contributions on which countries will work in the months ahead offer a major opportunity to align their domestic plans and NDCs with the global goal of tripling #renewables as well as with other key COP28 outcomes. Tripling global renewable capacity by 2030 is just one of the key pledges from #COP28. We need to deliver on all of them if we want to achieve international energy & climate goals. IEA is tracking progress on all the energy outcomes agreed at COP28 → https://iea.li/3Vq5BCy
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🚨💡 Renewable Reality Check: The latest brief from our partner, the International Renewable Energy Agency (IRENA) on tracking COP28 outcomes on tripling renewables is a sobering reality check. Goal: Triple Renewable Energy by 2030. Reality: We're Off Track. Despite a groundbreaking year in 2023 with 473GW added to the global energy mix, reaching the COP28 ambition of tripling renewable capacity is in jeopardy. Why? The pace isn't just slow; it's critically behind. 🐢💔 🔴 The Hard Truth: - We need to install 1,100GW annually—a massive leap from current levels. - Investment must skyrocket from $570B to $1.55T every year. - The shift away from fossil fuels isn't just necessary; it's urgent. 📈What's Missing? Bolder Investments & Policies: Especially in developing nations, where potential is vast but support is scant. Unified Global Effort: The shift requires everyone—no exceptions. Read the brief here: https://lnkd.in/eqY_dRvG #EnergyTransition #3xrenewables #SDG7 #RenewableUrgency #GlobalEnergyShift
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🌍 Renewables 2024 Analysis & forecast to 2030 🌱 Important insights into the current landscape of renewable energy in 2024 and an in-depth forecast for 2030! This analysis highlights the progress we've made globally and what to expect in the coming years as we push toward a more sustainable future. 🔎 Take a look at the full analysis and see where we're headed in the journey toward a greener planet! 🌿
Sustainability & ESG strategist | author |climate futurist |committed to making a change|
The International Energy Agency (IEA) 2024 report is out, and there is good news and not so good news!? The good news? Renewable energy is on track to meet almost half of the world’s electricity demand by 2030. Solar and wind are growing fast, and many countries are hitting their renewable targets. But here’s the not so good part: ====================== We are still not on track to triple capacity by 2030 which is critical if we really want to tackle climate change. The report suggests that governments need to focus on grid upgrades and storage along other recommendations. And while this is necessary, I also believe we need to rethink how we are scaling renewable energy by exploring innovative approaches, such as: 🔬 New R&D frontiers We need to significantly invest in R&D to explore extreme environments for renewable energy. Polar regions, deserts, and deep-sea zones have untapped potential. Imagine solar farms in polar regions where the sun shines continuously for months. 🏙️ Buildings as part of the solution Why rely only on solar farms when every building could generate its own energy? With transparent solar panels technology out there, we can maximize it and turn skyscrapers and homes into renewable energy sources. This would allow millions of buildings worldwide to contribute directly to the grid, without taking up more land or relying on central power plants. 🌊 Tapping into ocean currents Unlike solar and wind, ocean currents are consistent. Submerged turbines in places like the Gulf Stream could provide a reliable, continuous flow of renewable energy, that’s a new and consistent source. The reality is, we need to move beyond just meeting goals and start thinking bigger. These are just a few ways we can expand renewable energy in ways we haven’t fully tapped into yet. What other innovative solutions do you think could help us get there? Let’s push the conversation forward. The news : https://lnkd.in/dt2H9k3k International Renewable Energy Agency (IRENA) #cop28 #greenertogether #cop29
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🌍 GWEC is hosting the event, Looking Ahead to COP30: Actions to Triple Renewables and Double Energy Efficiency by 2030 tomorrow at COP29 Azerbaijan in Baku. Co-hosted by International Renewable Energy Agency (IRENA) and the Global Renewables Alliance (GRA). 🔋 Date: Saturday, 16th November 2024 ⏰ Time: 12:00pm – 1:00pm (AZT) 📍 Location: Global Renewables Hub, C11/C9 The commitment to triple renewable energy and double energy efficiency by 2030 is a cornerstone of the global climate agenda, and this panel at COP29 will set the stage for the concrete actions needed to meet these ambitious goals. Join us at this pivotal panel to help shape the roadmap for COP30 and ensure that the global energy transition moves forward with urgency and ambition. 🎤 Speaking at the event: H.E. Andre Correa do Lago, Secretary for Climate, Energy and the Environment, Ministry of Foreign Affairs, COP30 Presidency, Brasil Ben Backwell, CEO Global Wind Energy Council (GWEC) and Global Renewables Alliance (GRA) Chair Francesco La Camera, Director-General, International Renewable Energy Agency (IRENA) Ana Toni, National Secretary for Climate Change, MMA Moderator: Julia Souder, CEO, Long Duration Energy Storage Council (LDES Council) 💡 As we prepare for COP30, it’s time to reflect on what actions are necessary, what enablers are needed, and how we can build momentum towards a renewable future. #COP30 #RenewableEnergy #EnergyEfficiency #ClimateAction #Sustainability #CleanEnergy #Renewables #IRENA #ClimateChange #EnergyTransition #GlobalWindEnergyCouncil #Brazil
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🚀 📻 At COP28, over 130 countries committed to tripling global installed renewable energy (RE) capacity from around 3,400 gigawatts (GW) in 2022 to 11,000 GW in 2030 or 60% of global power generation capacity. Thus, more than 1,000 GW of new installed RE capacity will have to be added on average every year. What are the barriers to further RE investment? How will the public and private sectors scale up such investments? What factors could accelerate RE investments to achieve COP28 targets? Sustainability Research Paper 📰 - https://bit.ly/3M97PRu Subscribe 💻 - http://bit.ly/45ZaIx9 #cop28 #energy #sustainable #renewable #paris #parisagreement #solar #wind #report #study #information
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Accelerating the Energy Transition, One Project at a Time.👨🔧 At Leapfrog Project, we're not just talking about a sustainable future; we are helping YOU build it! Our AI-powered platform connects project owners with essential resources such as funding and technical expertise, catalysing the development of renewable energy projects globally! Let's connect at COP29 Azerbaijan to discuss: - How Leapfrog can help you realise your renewable energy project. - The latest trends and innovations in the renewable energy sector. - The role of technology in addressing climate change. #COP29 #ClimateAction #RenewableEnergy #Innovation #LeapfrogProject
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Renewable Energy Content Writer 📚 | Power Systems & RE Feasibility Studies Specialist | 🚀 Expert in Creating Engaging Content for Sustainable Solutions and Energy Efficiency Projects 🌱⚡
🌍 Tracking COP28 Outcomes: Tripling Renewable Power Capacity by 2030 🌱 The latest data from IRENA shows that 2023 set a new record for renewable power deployment, with 473 GW added to the global energy mix! 🚀 Solar power led the charge, contributing an incredible 73% of this growth. 📚 Here are the key takeaways: 🌟 China reached a new milestone: 85% of its new capacity is now from renewables, driven by falling costs of solar and wind. 💡 Distributed solar PV (rooftop systems) saw record growth in countries like Australia, France, Germany, India, the US, and the UK, spurred by energy crises and the need for energy independence. 💪 EU experienced a 37% increase in solar PV capacity since 2022, thanks to enhanced policies and energy security concerns. 🇺🇸 US is accelerating renewable investments through the Inflation Reduction Act of 2022, offering tax credits and spurring market expansion. This rapid growth highlights the critical role of government policies and falling technology costs in scaling up renewable energy globally. Let's continue to push for cleaner, more sustainable energy solutions! 🌱⚡ The reference report is in the first comment. #RenewableEnergy #Sustainability #SolarPower #WindPower #COP28 #GreenEnergy #ClimateAction #EnergyTransition #GlobalEnergy #CleanTech
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IRENA released a new report - "Tracking COP28 outcomes: Tripling renewable power capacity by 2030". Some highlights: - In 2023, 473 gigawatts (GW) was added to the global energy mix accounting for 87% of newly installed capacity. - Despite record renewable power capacity additions, progress in the energy transition is insufficient and its trajectory is markedly off course. - The world’s ability to achieve the tripling target is far from assured, as an additional 7.2 TW of renewable power must be deployed to reach the required 11 TW by 2030. - Annual investments in renewable power generation must surge from USD 570 billion in 2023 to USD 1.55 trillion on average between 2024 and 2030. - Greater international cooperation will be indispensable to ensure financial flows to the Global South and uphold the tripling pledge. - A systemic global energy transition is required to overcome structural barriers impeding progress. #renewableenergy #energytransition #triplingrenewables #BreakthroughAgenda Luciano Caratori High-Level Climate Champions
