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11h ago

IRENA Says Record 2024 Renewables Growth Still Trails 2030 Tripling Goal

IRENA urges faster action to keep the 2030 tripling goal attainable.

A windmill turbine is pictured in Dorenaz, Switzerland, August 29, 2022. REUTERS/Denis Balibouse
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Overview

  • A record 582 gigawatts of renewable capacity was added in 2024, equal to 15.1% growth from the previous year.
  • Global installed renewables reached 4,443 gigawatts by end-2024 against a 2030 target of 11,174 gigawatts set under the COP28 pledge.
  • Reaching the goal requires average annual additions of about 1,122 gigawatts from 2025 and a sustained 16.6% yearly growth rate.
  • IRENA’s Francesco La Camera projects more than 700–750 gigawatts of new capacity in 2025, indicating momentum that still falls short of the required pace.
  • The report urges stronger policies, workforce reskilling, supply-chain support and grid upgrades, notes U.S. tax-credit changes could curb investment, and points to COP30 opening in Belém on November 10.