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World falling short on renewable energy goal for 2030, IEA warns

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By illuminem briefings

· 1 min read

illuminem summarizes for you the essential news of the day. Read the full piece on Financial Times or enjoy below:

🗞️ Driving the news: The International Energy Agency (IEA) warns that global plans for renewable energy fall short of the 2030 goal set at UN climate talks, risking a 2.7°C rise in global temperatures

 🔭 The context: Despite a tripling of renewable capacity since the 2015 Paris Agreement, current policies will only achieve 8,000GW of the needed 11,000GW by 2030

🌍 Why it matters for the planet: Achieving the 2030 renewable energy goal is crucial for limiting global warming and mitigating severe climate impacts

⏭️ What's next: The UN climate talks in Bonn will focus on enhancing national pledges and overcoming obstacles like finance and grid integration

💬 One quote: "The global renewable energy goal was 'ambitious but achievable — though only if governments quickly turn promises into plans of action'," said Fatih Birol, IEA Executive Director

📈 One stat: Annual renewable capacity additions have tripled since the 2015 Paris Agreement

Click for more news covering the latest on renewable energy 

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