IEA: Tripling Renewable Energy by 2030 is Achievable but Needs Clear Targets
The International Energy Agency (IEA) reports that global renewable energy capacity additions surged by 64% in 2023, with China leading the way. Despite this progress, only 14 out of 194 countries have set explicit 2030 renewable capacity targets in their Nationally Determined Contributions (NDCs) under the Paris Agreement. The IEA's analysis suggests that if countries include all existing policies and plans in their updated NDCs, they could achieve 70% of the goal to triple global renewable capacity by 2030. Key challenges remain, including project permit delays and inadequate grid infrastructure investment.