IRENA urges addition of 1,000 GW renewable power capacity by 2030 to achieve 1.5°C climate goal
The International Renewable Energy Agency (IRENA) has released its world energy transitions outlook (WETO) 2023. The report emphasizes on the urgency of adopting steps that can realign with the 1.5°C climate milestone set in the Paris Agreement.
PHOTO: Model of hydrogen energy storage tanks. Getty Images
IRENA, in its report, calls for raised global ambition in renewable deployment, enabled by physical infrastructure, policy, and regulations, and underlining institutional and workforce capabilities.
Electrification and the transition with renewable energy, clean hydrogen and sustainable biomass will be drivers in achieving the 1.5°C climate target, states the report. It further argues that more ambitious renewable energy targets are needed. “The gap between what has been achieved and what is required continues to grow,” the report added.
The WETO 2023 report further suggests that the world must add an average of 1,000 GW of renewable power capacity annually by 2030 and increase the direct use of renewables in end-use sectors to meet the current climate goals.
IRENA’s Director-General Francesco La Camera said, “We face the harsh reality that we are not on track to deliver on the Paris Agreement.”
The WETO report reiterates that the lack of physical infrastructures, absence of enabling policies and regulations and misalignments in skills and institutional capacity are acting as the major barriers hindering the transition process in the energy sector.
“Adding speed and scale to the energy transition requires rewriting international cooperation,” IRENA said in its report. “This necessitates an assessment of the roles and responsibilities of national and regional entities, international organisations, international financial institutions, and multilateral development banks to ensure their optimal contributions to the energy transition,” it further added.
“Our only option is to follow the most promising, science-based pathway one that puts renewable energy at the centre of the solution, while leading countries to energy security, reduced energy costs, and forward-looking industrial development,” commented Francesco La Camera.
By Aparupa Mazumder
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