Nearly 200 countries made major collective pledges on energy at the COP28 climate summit in Dubai with the aim of keeping within reach the Paris Agreement target of limiting global warming to 1.5 °C. For the first time, governments set key goals to help meet this objective, including tripling global renewable energy capacity by the end of this decade. Governments around the world have since requested the IEA’s support in implementing these promises in full and on time – asking that the Agency identify pathways forward and provide policy makers with advice on accelerating national and secure clean energy transitions.
The IEA’s new report, COP28 Tripling Renewable Capacity Pledge: Tracking countries’ ambitions and identifying policies to bridge the gap, which will publish along with updates to our Renewable Energy Progress Tracker, forms part of this work. By providing a global stocktake of governments’ renewable capacity plans, the analysis – which covers more than 145 countries – explores whether recent trends in the deployment of renewables are in line with government ambitions and the goal of reaching 11 000 gigawatts (GW) of capacity by 2030. It also provides regional insights; identifies key challenges for both advanced and emerging economies; and suggests priority areas for policy makers to close the implementation gap, particularly as they update their Nationally Determined Contributions, or NDCs, under the Paris Agreement.
This report was produced with the financial assistance of the European Union as part of its funding of the Clean Energy Transitions in Emerging Economies programme (CETEE-2) within the IEA’s Clean Energy Transitions Programme.
- Published in
- France
Table of Contents
- COP28 Tripling Renewable Capacity Pledge: Tracking countries’ ambitions and identifying policies to bridge the gap 1
- Abstract 3
- Acknowledgements and credits 4
- Executive summary 6
- Chapter 1. Global ambition stocktaking and status 11
- Global trends 11
- Announced and planned renewable capacity ambitions for 2030 exceed current NDC commitments but fall short of global tripling pledge 11
- Not all countries have the same ambition level 15
- Solar PV and wind energy dominate country ambitions while dispatchable renewables are overlooked 18
- While China is on track to exceed its 2030 ambitions, other countries need to accelerate capacity expansion 21
- Cumulative global ambition is not currently in line with the goal of tripling in either advanced economies or in EMDEs 23
- Regional trends 24
- China 24
- Europe 25
- Asia Pacific 29
- United States and Canada 32
- Latin America and the Caribbean 33
- Sub-Saharan Africa 35
- Eurasia 37
- Middle East and North Africa 38
- Chapter 2. Policy priorities to close the tripling implementation gap 43
- Countries need to raise their ambitions, while implementation pathways will differ 43
- Policy priority areas for advanced economies 44
- Cluster 1: Economies with ambitious net zero plans targeting full power sector decarbonisation 44
- Policy priority areas for developing and emerging economies 48
- Cluster 2: Countries with considerable share of hydropower and rapidly increasing VRE capacity 48
- Cluster 3: Markets with ambitious long-term decarbonisation goals and current fossil fuel overcapacity 49
- Cluster 4: Nascent markets with high potential and strong ambitions 51
