Climate goal to triple global renewable energy by 2030 within reach, IEA says

Wed, 23 Oct 2024 18:47:39 +1100

Andrew Pam <xanni [at] glasswings.com.au>

Andrew Pam
<https://www.reuters.com/business/energy/embargoed-climate-goal-triple-global-renewable-energy-by-2030-within-reach-iea-2024-09-24/>

"LONDON, Sept 24 (Reuters) - A goal to triple global renewable energy capacity
by 2030 and cut fossil fuel use is within reach, the International Energy
Agency said in a report on Tuesday, but will require a huge push to unlock
bottlenecks such as permitting and grid connections.

The report comes as leaders from government and business come together at New
York Climate week to try to drive forward action against climate change.

Almost 200 countries at the COP 28 climate summit in Dubai last year agreed to
reach net zero emissions from the energy sector by 2050 and pledged to triple
renewable energy capacity like wind and solar.

The IEA said the renewable energy goal "is within reach thanks to favourable
economics, ample manufacturing potential and strong policies," but said more
renewable capacity by itself would not slash fossil fuel use and reduce costs
for consumers.

“To unlock the full benefits of the tripling goal, countries need to make a
concerted push to build and modernise 25 million kilometres of electricity
grids by 2030... The world would also need 1,500 gigawatts (GW) of energy
storage capacity by 2030,” the IEA said.

Countries at COP 28 also pledged to double energy efficiency measures to help
curb power use, but this target will require governments to make efficiency
much more of a policy priority."

Via Fix the Newshttps://fixthenews.com/millions-little-bits/

Cheers,
       *** Xanni ***
--
mailto:xanni@xanadu.net               Andrew Pam
http://xanadu.com.au/                 Chief Scientist, Xanadu
https://glasswings.com.au/            Partner, Glass Wings
https://sericyb.com.au/               Manager, Serious Cybernetics

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