Renewable Energy Growth Surges but Falls Short of UN Targets

The IEA forecasts renewables will meet nearly half of global electricity demand by 2030, yet miss the goal to triple capacity set at COP28.

The International Energy Agency (IEA) projects a 5,500 gigawatt increase in renewable energy capacity by 2030, led by solar and wind power.
China is expected to dominate the renewable energy boom, accounting for nearly 60% of new installations by the end of the decade.
Despite rapid growth, current projections fall short of the UN's target to triple global renewable capacity by 2030, set during COP28.
The IEA emphasizes the need for governments to improve grid infrastructure and increase energy storage to fully integrate renewables.
Renewable energy is expanding faster than governments can set targets, driven by its cost-effectiveness compared to fossil fuels.