The International Energy Agency (IEA) has issued a stark warning that nations are not on track to meet the ambitious goal of tripling renewable energy capacity by 2030, a target crucial for curbing global warming.
An analysis conducted by the IEA of policies, plans, and estimates from nearly 150 countries indicates that the world is likely to achieve only 8,000 gigawatts (GW) of renewable power capacity in the next six years. This figure falls significantly short of the 11,000 GW target set during the COP28 climate talks in Dubai last year, aimed at limiting global temperature rise to 1.5 degrees Celsius above pre-industrial levels.
“Countries’ ambitions and implementation plans are not yet in line with the key goal set at COP28,” the IEA stated in its report released on Tuesday. The agency emphasized the urgent need for nations to accelerate their renewable energy efforts to bridge the gap.
The shortfall poses a significant challenge to global climate objectives, with potential impacts on economies and societies worldwide. Renewable energy is seen as a cornerstone in the fight against climate change, and falling short of the 2030 goal could hinder efforts to reduce greenhouse gas emissions effectively.
Experts highlight that intensified collaboration and investment are essential. “We need to see a rapid scaling up of renewable energy projects, especially in emerging economies,” said an energy analyst. “The window for action is narrowing, and the consequences of inaction are profound.”
Asia, as a region experiencing rapid economic growth, plays a pivotal role in global renewable energy expansion. Increased commitment from Asian nations could significantly influence the overall capacity achieved by 2030. Stakeholders are now calling for reinforced policies and actionable plans to meet the collective targets.
Reference(s):
cgtn.com
