The world is falling behind on its renewable energy and efficiency goals despite record progress last year, confirms a new report released by the International Renewable Energy Agency (Irena). In 2024, global renewable capacity additions reached an unprecedented 582 GW. Yet this is still not enough to stay on track for the COP28 UAE Consensus target of tripling renewables to 11.2 TW by 2030.
Irena Director-General Francesco La Camera said renewables now dominate the global energy system and the transition is irreversible, highlighting record $2.4 trillion energy-transition investment, including $800 billion for production capacity, showing rapidly accelerating investment in renewables and related energy sources.
