Some of the key highlights from the report “Delivering on the UAE Consensus: Tracking progress toward tripling renewable energy capacity and doubling energy efficiency by 2030”, prepared by IRENA are:
-Tripling renewable power capacity to 11.2 TW requires average annual additions of 1 044 GW in 2024–2030, or 16.4% compound annual growth, up from 16.1% in 2023–2030.
-473 GW of new renewable power capacity was added in 2023 – 346.9 GW of solar PV; 114.5 GW of wind (103.9 GW onshore); 6.6 GW of hydropower (excluding pumped); and 5.2 GW of bioenergy, geothermal, CSP and marine energy, combined.
-Except for solar PV, capacity additions for all renewable energy technologies are below the level required to meet the tripling target. Compared to 2023 capacity, the world needs 3x onshore wind; 6x offshore wind and bioenergy; and 35x geothermal.
-The geographic deployment of renewable power remains highly uneven. Asia, Europe and North America accounted for almost 85% of global end2023 installed capacity; Africa for just 1.6%.
-Current national plans and targets will deliver only half of the required growth in renewable power by 2030, at 7.4 TW, resulting in a shortfall of 34% (3.8 TW) in 2030.
-Electric cars accounted for a record 18% of total car sales in 2023, but sales of heat pumps, vital to the energy-efficient decarbonisation of the heating sector, fell by 3%.
Access the complete report here
