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COP28 Tripling Renewable Capacity Pledge: Tracking Countries’ Ambitions and Identifying Policies to Bridge the Gap

Publication Year: 2024

Author(s): International Energy Agency

Abstract:

The report provides a global stocktake of governments’ renewable capacity plans, the analysis which covers more than 145 countries explores whether recent trends in the deployment of renewables are in line with government ambitions and the goal of reaching 11000 gigawatts (GW) of capacity by 2030. It also provides regional insights; identifies key challenges for both advanced and emerging economies; and suggests priority areas for policy makers to close the implementation gap, particularly as they update their Nationally Determined Contributions, or NDCs, under the Paris Agreement.

This report seeks to answer four main questions: 1) How is renewable power capacity reflected in existing government commitments in NDCs, and in countries’ ambitions, announcements and plans? 2) Are countries on track to achieve these ambitions? 3) How do these ambitions measure against the COP28 pledge to triple global capacity by 2030? 4) What are relevant policy priorities to address gaps in both implementation and ambition?

Publisher/Organisation: International Energy Agency

URL:
https://iea.blob.core.windows.net/assets/ecb74736-41aa-4a55-aacc-d76bdfd7c70e/COP28TriplingRenewableCapacityPledge.pdf

Theme: Sustainable transportation | Subtheme: Energy

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