SECTORAL POLICIES / Energy

Current policies in European countries account for one-fifth of global ambition for renewable capacity by 2030, according to IEA

Brussels, 04/06/2024 (Agence Europe)

In a new report, the International Energy Agency (IEA) examines whether recent trends in renewable energy deployment are in line with the COP28 target of tripling global renewable energy capacity by 2030 to 11,000 gigawatts (see EUROPE B13313A16).

Few countries have yet set explicit targets for 2030 in their ‘Nationally Determined Contribution’s (NDCs) under the Paris Agreement. Current commitments amount to 1,300 GW or barely 12% of the required quantity, the IEA points out.

However,...