International Renewable Energy Agency (IRENA)’s Post

🌍 Despite a strong 14% increase in 2023, achieving a 16.4% annual growth in renewables is critical to meet the COP28 pledge of tripling renewables by 2030, warns IRENA. Time for accelerated action! Bizbell Bizbell Ventures Hydro Village Nepal Portfolio Energy Sushmit Energy #renewables #COP28 #triple #irena #acceleration #annual #growth #renewableenergy #development #achivement #resource #increment

Good progress

Really good progress

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

It's #Time4Action to deliver on the #3xRenewables target #WithHydropower.: "#SustainableHydropower needs to double capacity by 2050 to provide the #flexibility and #storage capacity necessary to support the growing #intermittentrenewableenergy sources. The world is not on track yet to meet this ambitious goal. #Water, #wind and #sun get the job done together.: The Tripling of global renewable energy capacity and the Transition to CleanEnergy will only be possible with the great contribution of Hydropower, since #Hydropower is the backbone of a decarbonized & clean electricity system. #Hydropower facilitates the #integration of large quantities of #intermittentrenewable electricity sources (#solar and #wind ) by offering long, medium and short-term #flexibility, incl. manageable #storage on all these terms. #Hydropower is the correct adress for the #securityofsupply, electricity network #flexibility and #storage capability on a large scale. #Hydropower sector will continue to play a #crucialrole in delivering the #transitiontogreenenergy. It's #Time4Action to deliver on the #3xRenewables target #WithHydropower. Global Renewables Alliance International Hydropower Association (IHA) TÜRKİYE ELEKTRİK SANAYİ BİRLİĞİ (TESAB) Eurelectric Blue Energy Mühendislik Eddie Rich Bruce Douglas Rebecca Ellis Debbie Gray Laura Monikowska Mariana Empis Victoria Cardenas Iryna Petriashvili Pablo Valverde Lin S. Gemma Regniez MSc, FRSA Elaine Tan Sushil Pokharel Matteo Bianciotto Frank Mette Turgay Akgun Metehan Ercömert Rabia Ercömert Roman Prirschl Baris Celik Muzaffer Çelebi ALP TOLGA ISITMAN Emin AKÇAMUR AYTEN SÜMER Emrah Binay Alexander Schwab Frederic Ribieras Eva Kremere Maria Grineva MURAT DILEK 🌲 🌎 Adrian Lindermuth Eleonora RinaldiNicholas A. Steinwand Dams & Hydropower Turkiye Summit

In my recent interview with ZAWYA, I delve into the pressing need, highlighted at COP28 UAE, for substantial investments in renewable energy and detailed strategic planning.   These actions are crucial for advancing our journey towards a sustainable energy future.   Learn more about the intricacies of the energy transition in the region: https://lnkd.in/dv5jeF24 #BCGintheMiddleEast #BCGForNetZeroandBeyond #EnergyTransition #Renewables #COP28

New International Renewable Energy Agency (IRENA) report: Despite a record 14% increase in 2023, we need 16.4% annual growth in #renewables through 2030 to hit #3xRenewables. If last year’s 14% increase rate continues, the #tripling target of 11.2 Terawatts (#TW) in 2030 outlined by #IRENA’s 1.5°C Scenario will fall 1.5 TW short, missing the target by 13.5%. Furthermore, if the world keeps the historic annual growth rate of 10%, it will only accumulate 7.5 TW of #renewablescapacity by 2030, missing the target by almost one-third. It's #Time4Action. #RenewableEnergy #3XRenewables https://lnkd.in/dSv-57kW

"Renewables 2023" by International Energy Agency (IEA) ————————————————- ✅ 507 GW were commissioned in 2023 worldwide, a record increase of 50% compared to 2022, according to the ✅Photovoltaics account for 3/4 of these new installations. ✅ The IEA anticipates the "strongest growth" ever seen in thirty years over the next five years, an unprecedented pace that brings the planet closer to the goal set at COP28 in Dubai of tripling renewable energy by 2030 to reach 11,000 GW. ✅ In 2023, 96% of new onshore PV and wind installations are cheaper than new fossil fuel plants and cheaper than plants already installed in most countries. 🇪🇺 In Europe, capacity is expected to double between 2023 and 2028 compared to the last 6 years with +532 GW 🚀🚀🚀

The COP28 UAE, IRENA and Global Renewables Alliance ‘Tripling Renewable Power and Doubling Energy Efficiency by 2030’ report highlights the need to increase #Renewablesrapidly to keep the 1.5ºC goal within reach. Read more 🔗bit.ly/3SfvMeh

Tripling #renewables is expedient to achieving mission 1.5°C and #climate goals. #3xrenewables #COP28 #sdg7 #sdg13