Countries are behind on both ambition and implementation for the global target of tripling renewables capacity by 2030, says the International Energy Agency (IEA) – and the picture would be far bleaker if not for China’s stellar progress.
As set out in the Paris Agreement, the renewables rollout is key to ambitions to keep global warming below 1.5°C. Fatih Birol, IEA executive director, shared that nearly 200 countries pledged to triple the world’s renewable power capacity this decade, which is one of the critical actions to keep alive hopes of limiting global warming to 1.5°C.
Despite the crucial role of renewables, the IEA said in a new report that very few countries have set out explicit 2030 targets in their Nationally Determined Contributions (NDCs).
NDCs measure pledges made to reach the goals set under the 2015 Paris Agreement. But official commitments made in these amount to 1.3TW – a mere 12% of what is needed to achieve the more recent global agreement of tripling renewables capacity to 11TW by 2030.
Source: Recharge