Fluence’s Post

Last year the International Renewable Energy Agency (IRENA) COP28 UAE and Global Renewables Alliance collaborated together to provide the intellectual and analytical justification for the Tripling Renewable Power by 2030 goal. https://lnkd.in/eAF4Pwgj I really enjoyed the great collaborative spirit within which we delivered this report! As the result of tireless action and leadership from many of IRENA Member States, the UNFCC, and civil society the world got specific target for one of the absolutely key elements needed to deliver on the goal we need to achieve the Paris Agreement goals. As I have written already, the Tripling RE Power goal is not a 'nice to have', its ambitious, but achievable and if we fail to deliver on it collectively, we fail on the Paris Agreement goals. It really is time to act. This year will be about tracking progress, as well as advancing other dimensions of the energy transition. It's exciting to see IRENA being entrusted with the custodial role in delivering that tracking framework. It'll be after I leave IRENA, but I am certain that my colleagues and all stakeholders will deliver the report we need. I am eagerly anticipating reading it already...

International Renewable Energy Agency (IRENA)’s latest Renewable Capacity Statistics report highlights that 2023 saw the largest increase in renewable energy capacity to date – with the addition of 473 GW of renewables. Despite this record growth, more needs to be done to accelerate progress to triple renewables by 2030 in line with the targets of the UAE Consensus. Read more: https://lnkd.in/gZkqMqUt #UAEConsensus #COP28 #IRENA

Good progress

Really good progress

#WeekendRead This report "Delivering on the UAE Consensus," marks the first in a series of annual tracking publications commissioned by the #COP28Presidency to assess progress towards two key goals of the outcome of the #FirstGlobalStocktake: the tripling of renewable energy and the doubling of energy efficiency by 2030. #Reflection: Global goal of tripling renewables needs USD 1.5 trillion per year!

At COP28 in Dubai, one of the biggest stories was the agreement involving more than 100 countries to triple renewable energy between now and 2030. It was unprecedented, both in scale and ambition, requiring the world to nearly double the annual growth in wind, solar, geothermal and other renewables – starting immediately. Download our special report here: https://bit.ly/3HLprAF

Meeting global #energytransition demands requires increased investment and innovation in renewables. 🔄💡 3️⃣❎To triple investments in renewables, emphasis should be placed on: ⬆️Expanding infrastructure and investing at scale. 💰Advancing policies and regulations to facilitate targeted investments 🔋Strategically realigning institutional capacities for skills that match the needs of a renewables-dominated energy system. #SustainableFuture #RenewableEnergyRevolution COP28 UAE International Renewable Energy Agency (IRENA) Global Renewables Alliance The Global Energy Alliance for People and Planet (GEAPP)

The official tracking report of the two UAE Consensus energy goals, launched during Pre-COP in Baku today, highlights that annual investment in renewable capacity would have to triple, from a new record high of USD 570 billion in 2023 to USD 1.5 trillion every year between 2024 and 2030 to meet the global goal of tripling renewable energy. Read the ‘Delivering on the UAE Consensus: Tracking progress toward tripling renewable energy capacity and doubling energy efficiency by 2030’ report: https://lnkd.in/gDjBuaxY #COP28 #UAEConsensus

𝐈𝐄𝐀 𝐫𝐞𝐩𝐨𝐫𝐭 𝐫𝐞𝐯𝐞𝐚𝐥𝐬 𝐔𝐀𝐄’𝐬 𝐫𝐞𝐧𝐞𝐰𝐚𝐛𝐥𝐞 𝐞𝐧𝐞𝐫𝐠𝐲 𝐠𝐨𝐚𝐥𝐬 𝐰𝐢𝐥𝐥 𝐞𝐱𝐜𝐞𝐞𝐝 𝐞𝐱𝐩𝐞𝐜𝐭𝐚𝐭𝐢𝐨𝐧𝐬 𝐛𝐲 𝟐𝟎𝟑𝟎. The UAE is poised to exceed its renewable energy capacity goals for 2030, according to the IEA’s Renewables 2024 report, highlighting the country's progress in sustainable energy development. #UAE #RenewableEnergy #IEAReport #Sustainability #GreenEnergy #SolarPV #2030Goals #CleanEnergy #ArabTimes #ArabTimesNewspaper #ArabTimesNews

The GCC's energy evolution is marked by increased investment in low-carbon projects, positioning the region to become a global clean energy hub. This shift includes a focus on renewable energy sources, enhancing energy efficiency practices, and encouraging private sector participation in sustainable energy projects. Here are some quick stats from this report: - CCUS capacity in the GCC region could scale up by >5xby 2030 to 25Mt, at 30% of EU's target. - The UAE, Saudi and Oman's combined clean hydrogen production target by 2030 is >50% of that of Europe. Here's the full report! #CleanEnergy #energyevolution #GCC