IRENA calls 16.4% annual renewable growth to hit COP28 targets

Statistics from the International Renewable Energy Agency (IRENA) shows that if the world were to continue with a 14% annual growth rate in renewables capacity, as seen in 2023, it will fall 1. 5 TW short of meeting deployment targets set at COP28. The world will have to expand renewables capacity at a minimum rate of 16. 4% per year through to 2030 to meet targets pledged at COP28, according to new statistics from IRENA. IRENA's latest report underscores a key risk: the world may fail to achieve its 11. 2 TW target by 2030. The report reveals that renewables capacity grew by a record 14% in ...

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