Close ‘policy gap’ or miss COP28 renewables target, IEA warns governments

Under existing policies and market conditions, global renewable capacity would increase 2.5 times by 2030 compared with today – falling short of the COP28 target to triple renewables

Policies are not ambitious enough if governments are to fulfil their pledge made at COP28 in Dubai in late 2023 to triple renewable energy capacity to at least 11,000 gigawatts by 2030, says the International Energy Agency in its Renewables 2023 report.