Shooka Bidarian’s Post

International Renewable Energy Agency (IRENA) has released Renewable Energy Statistics 2024 which claims that despite renewables becoming the fastest-growing source of power, the world risks missing the tripling renewables target pledged at COP28. According to IRENA, to stay the course, the world will have to grow renewables capacity at a minimum 16.4% rate annually through 2030. Read more ➡ https://lnkd.in/drmS3sjC Image credit: IRENA #renewables #energytransition

Today, the International Renewable Energy Agency (IRENA) has released The Renewable Energy Statistics 2024 report. The report finds last year’s unprecedented 14% increase of renewables capacity needs a significant top up in the remaining 7 years, or the world will miss the tripling target agreed by the UAE Consensus at COP28. It recommends therefore a minimum of 16.4% annual growth rate in renewables capacity until 2030. Learn more from the latest Renewable Energy Statistics report: https://lnkd.in/g6xrUZcW #COP28 #Renewables #3xRenewables

⚡ International Renewable Energy Agency (IRENA)’s Renewable Energy Statistics 2024 is out! 📉 While renewables are the fastest-growing power source, achieving the #COP28’s #3xRenewables target remains a challenge. 🎯 To meet this goal, global #renewables capacity needs to grow at a minimum annual rate of 16.4% through 2030, supported by effective policy actions and significant mobilisation of finance. Learn more from the latest Renewable Energy Statistics report by IRENA ⬇ https://lnkd.in/g6xrUZcW 

🚀 Last year, the renewable energy sector didn't just grow; it shattered records! 2023 had a 50% increase from 2022, marking the fastest growth in over two decades! We need to keep this pace and scale if we are to triple renewables by 2030 to 11,000 gigawatts. 🔗 Read SRMI's roadmap for emerging and developing countries to navigate the complexities of transitioning to renewable energy sources, outlining the steps necessary to build a sustainable pipeline of renewable energy projects. https://lnkd.in/dag96C-j #Energytransition #3xrenewables #cleanenergy #emergingeconomies #renewableenergy #strandedassets

For #triplingrenewableenergycapacity by 2030. We need to increase the pace and scale of #development. : #TriplingRenewablesby2030 requires a minimum of 16.4% annual #growth rate. : The #RenewableEnergyStatistics 2024 released by the International Renewable Energy Agency (International Renewable Energy Agency (IRENA)) shows that despite #renewables becoming the fastest growing source of #power, the world risks missing the #triplingrenewables target pledged at #COP28. To stay the course, the world will now have to #grow #renewables capacity at a minimum 16.4% rate annually through 2030. The unprecedented 14% increase of renewables capacity during 2023 established a 10% compound annual growth rate (2017-2023). Combined with the constant decreasing additions of non-renewable capacity over the years, the trend sees renewable energy on its way to overtake fossil fuels in global installed power capacity. However, 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 renewables capacity by 2030, missing the target by almost one-third. #IRENA Director-General, #FrancescoLaCamera said, “#Renewableenergy has been increasingly outperforming #fossilfuels, but it is not the time to be complacent. #Renewables must #£ grow at higher speed and scale. Our new report sheds light on the direction of travel; if we continue with the current growth rate, we will only face failure in reaching the #triplingrenewables target agreed in the UAE Consensus at COP28, consequently risking the goals of the Paris Agreement and 2030 Agenda for Sustainable Development.” https://lnkd.in/dcrzzGmc #Globalrenewableenergy #installedcapacity is #3864GW as per the end of 2023, with #1418GW #Solar ; #1407GW #Hydropower ; #1017GW #Wind ; #149GW #Bioenergy and #15GW #Geothermal energy. #RenewableEnergy #SolarEnergy Blue Energy Mühendislik #Hydropower #Wind #Geothermal #3xRenewables Global Renewables Alliance TÜSİAV

IRENA’s latest ‘Renewable Energy Statistics Report’ presents a mixed picture. While I’m thrilled to see that renewables are experiencing unprecedented growth, surpassing all other power sources in 2023, the data shows that the path to tripling global capacity by 2030 – as pledged at COP28 – remains challenging. To achieve this ambitious goal, robust collaboration, supportive policies, and further substantial investments are necessary. We must also consider the infrastructure requirements needed to integrate renewable energy sources effectively which is crucial for the decarbonization efforts across various sectors. #UAEConsensus #EnergyTransition

Even though big progress has been made in renewables for the past years, current national plans and targets can deliver only half of the required growth in renewable power by 2030. They still fall short to #UAEConsensus goals on energy, #3xRenewables & #2xEnergyEffiency. According to @IRENA tracking report, annual investment in renewable capacity has to triple from $570 billion in 2023 to $1.5 trillion every year until 2030. https://lnkd.in/gk-9TnbS

I explored the IRENA 2024 Renewable Energy Statistics Report looking for insights about the Energy situation in Sudan, here are some of the key findings: ■ Total Renewable Energy Capacity: 1,871 MW (last three years): - Hydro Power: 1,482 MW - Solar Energy: 190 MW - Bio-fuel (Bagasse): 199 MW ■ Total Off-Grid Renewable Energy Capacity: 135.570 MW (last three years) ■ Renewable Energy Share of Electricity Capacity: 49.2% ■ Renewable Energy Share of Electricity Production: - 2021: 67.3% - 2022: 60.8% - 2023: 61.0% I was quite hypothetical about the relevance and accuracy of the estimated recent data. If anyone has experience or information regarding how the data is measured and collected, please share it with us.

🌱Navigating the Future of Clean Energy From fossil fuels to power derived from sun, wind, and other renewable energy sources, the US is catching up quickly in the clean energy sector. Published in a New York Times article back in August of 2023, renewables are expected to be the world’s largest source of electricity in 2025 over coal, and worldwide we are expected to see over $1.7 trillion invested into clean energy technologies. 🌐Full Article Here: https://lnkd.in/g7sS4-Na With the continuous growth in green energy, Adapt2 is proud to be one of the leading providers of an AI driven platform to manage the complexities of renewable energy operations. #stayingahead #gogreen #ourfutureisgreen #greenfuture #renewables #renewableenergy #cleanenergy

A new report from the International Energy Agency (IEA) reveals that renewables, driven by solar, are on track to meet nearly half of global electricity demand by 2030. Over 5,500 GW of new renewable energy capacity will be added by the end of the decade, with solar PV leading the way. China will contribute 60% of this growth, while India leads in expansion speed. By 2030, solar and wind will supply 30% of global electricity, though countries must improve grid flexibility and policies. Renewable energy’s share in total consumption will rise to 20%, but hydrogen and biofuels will need more support to keep pace. To date, EN.IT Spa has contributed around 850 MW of installed capacity in Italy and is actively working on more than 6,500 MW of renewable energy projects across the globe. #RenewableEnergy #SolarPower #IEAReport #Sustainability #GlobalEnergy #CleanEnergy #WindPower #EnergyTransition #GreenFuture #GridInnovation #ClimateAction #Decarbonization #EnItSpa