Global renewable energy capacity registered record growth in 2024 but progress is still falling short of the 2030 renewable capacity target, a report by the International Renewable Energy Agency (IRENA) showed recently. About 92.5 per cent of energy capacity added in 2024 came from renewables, at 585 gigawatts (GW), marking record annual growth of 15.1 per cent and lifting total renewables capacity to 4448 GW. However, progress remains below the 11.2 terawatts needed to meet the Paris climate agreement and the global goal of tripling installed renewable energy capacity by 2030, which demands an annual growth rate of 16.6 per cent. “We also face the same challenges of great regional disparities and the ticking clock, as the 2030 deadline is imminent,” said IRENA Director General Francesco La Camera.

Source: https://www.reuters.com/