{"id":41867,"date":"2024-01-16T09:47:31","date_gmt":"2024-01-16T09:47:31","guid":{"rendered":"https:\/\/www.innovationnewsnetwork.com\/?p=41867"},"modified":"2024-01-16T09:47:31","modified_gmt":"2024-01-16T09:47:31","slug":"iea-global-renewable-energy-sources-grew-by-50-in-2023","status":"publish","type":"post","link":"https:\/\/www.innovationnewsnetwork.com\/iea-global-renewable-energy-sources-grew-by-50-in-2023\/41867\/","title":{"rendered":"IEA: Global renewable energy sources grew by 50% in 2023"},"content":{"rendered":"
The world’s capacity to generate renewable energy is expanding at an unprecedented pace, offering a real chance to meet the goal of tripling global capacity by 2030.<\/p>\n
The recent surge saw a 50% increase in renewable energy sources added to global energy systems in 2023, reaching a remarkable 510 gigawatts (GW), with solar PV dominating three-quarters of these additions.<\/p>\n
IEA Executive Director Fatih Birol commented: “The new IEA report shows that under current policies and market conditions, global renewable capacity is already on course to increase by two-and-a-half times by 2030.<\/p>\n
“It’s not enough yet to reach the COP28 goal of tripling renewables, but we’re moving closer \u2013 and governments have the tools needed to close the gap.<\/p>\n
“Onshore wind and solar PV are cheaper today than new fossil fuel plants almost everywhere and cheaper than existing fossil fuel plants in most countries. There are still some big hurdles to overcome, including the difficult global macroeconomic environment.<\/p>\n
“For me, the most important challenge for the international community is rapidly scaling up financing and deployment of renewables in most emerging and developing economies, many of which are being left behind in the new energy economy. Success in meeting the tripling goal will hinge on this.”<\/p>\n
This comprehensive assessment is the first since the COP28 climate change conference, held in Dubai last month.<\/p>\n
The report projects that, under current policies and market conditions, global renewable power capacity is set to surge to 7,300 GW between 2023-2028.<\/p>\n