Global Shift to Renewable Energy Accelerates, IEA Reports

The IEA forecasts over half of global electricity will be from low-emission sources by 2030, but challenges remain in meeting climate goals.

The International Energy Agency (IEA) predicts a significant rise in renewable energy, with more than half of global electricity to come from low-emission sources by 2030.
Despite rapid growth in renewables, the world is not on track to meet the 1.5°C climate target, with emissions expected to peak this decade but not decline fast enough.
Key obstacles include geopolitical tensions, insufficient infrastructure investments, and high financing costs, particularly affecting developing countries.
India's energy demand is set to grow significantly, with coal maintaining a strong presence, although electric mobility is expected to increase.
The IEA emphasizes the need for increased investment in energy storage and grid infrastructure to support the transition to cleaner energy sources.