Global Push for Renewables Falls Short of Climate Goals

Despite record growth in renewable energy, urgent action and international support are needed to meet climate targets and prevent severe consequences.

Global renewable energy capacity grew by a record 473 gigawatts in 2023, yet it remains insufficient to meet the Paris Climate Agreement targets.
To avoid catastrophic climate impacts, renewable energy capacity must triple, reaching 11.2 terawatts by 2030, according to IRENA.
Developing countries like India face significant challenges in scaling up renewable energy due to financial, infrastructural, and land access issues.
High-income countries are urged to increase climate finance to support emissions reductions in lower-income nations, aligning with their 'fair share' of climate action.
Failure to expedite the energy transition could lead to severe economic and environmental consequences, including more frequent extreme weather events and loss of agricultural productivity.