KarunaNews Story

At the UN’s COP28 climate change conference in December 2023, world leaders reached a historic agreement to triple global renewable energy capacity by 2030. The International Energy Agency (IEA) and International Renewable Energy Agency (IRENA) both show that a global tripling of renewables to at least 11 TW by 2030 is the optimal pathway to keep 1.5C temperature change within reach. Despite the landmark COP28 agreement to reach 11 TW of renewables by 2030 and rising renewable capacity additions every year since, current national targets for 2030 only aim for just over a doubling of renewables by 2030. Tripling renewables is within reach, although stronger efforts are still required. Renewables are growing fast, proving they can deliver at scale. But achieving 1.5°C and ensuring secure power systems requires more than tripling alone. What’s needed is not just speed, but balance: between solar and wind, between generation and storage + grids, and ambition and delivery.