This report “Renewables 2024 Global Status Report” by REN21 provides high-level trends on the status of renewables in the wider fossil fuel-dominated energy system in the context of global challenges such as climate change, development goals and the geopolitical landscape.
Key facts from the report:
•In 2023, global additions to renewable power capacity increased an estimated 36% to reach 473 GW, a new record for the 22nd consecutive year.
•At the 2023 United Nations Climate Change Conference in Dubai, 130 countries pledged to triple renewable energy capacity and double the annual rate of energy efficiency improvements by 2030.
•As countries reshaped trade and industrial policies in 2023, the United States launched more than 250 clean energy manufacturing projects following the adoption of the Inflation Reduction Act, and the European Union proposed the Net-Zero Industry Act and launched the first phase of the Carbon Border Adjustment Mechanism.
•Employment in the renewables sector increased 8% in 2022 to reach 13.7 million jobs.
•The number of people lacking electricity access globally fell from 756 million in 2022 to 745 million in 2023.
Access the complete report here
