Overview

• Solar is now 41% cheaper and wind 53% cheaper than the lowest-cost fossil fuels, according to IRENA data marking a cost tipping point for renewables.
• António Guterres urged technology companies to power all data centers with 100% renewable energy by 2030 to manage surging AI electricity demand.
• The UN called on governments to submit updated national climate plans by September to triple clean energy capacity under the Paris Agreement.
• Global investment in green energy reached $2 trillion in 2024, surpassing fossil fuel investment by about $800 billion even as fossil subsidies totalled $620 billion.
• Growth remains uneven as Africa accounted for less than 2% of new renewable capacity and investments in grid and storage lag generation.