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A new report published by The International Energy Agency (IEA) states that tripling renewable power by 2030 is achievable but requires countries to intensify their energy and climate efforts.
The IEA highlights a critical window for countries to develop clear renewable power plans and emphasizes the need for accelerated action to meet the 1.5°C Paris Agreement target. Since the Paris Agreement in 2015, global renewable capacity has tripled, driven by a 40% drop in solar and wind costs, making them competitive with fossil fuels.
More than 30% of the world's electricity now comes from renewables. Ember's projections indicate that the EU could generate 66% of its electricity from renewables by 2030, though this falls short of the 72% REPowerEU target.
Climate Action Network Europe calls for higher renewable contributions, faster permitting, and grid expansion to meet targets. The Global Pledge to triple renewable capacity by 2030, signed by 118 countries, aims to provide clarity for industries and investors, according to European Commission President Ursula von der Leyen. Thirteen EU countries have endorsed accelerating renewable energy deployment as a key task for the next Commission.
Photosint Project was born to answer Europe's need to integrate renewable energies in ''energy-intensive sectors'' and that is why our approach is based on electrocatalysis solar-driven, a very friendly technology that gives the industry fossil-free and sustainable solutions to greenhouse gas emissions and supports a climate-neutral Europe by 2050.
Read the full report: https://www.iea.org/news/massive-expansion-of-renewable-power-opens-door-to-achieving-global-tripling-goal-set-at-cop28