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The agreement also called for a tripling of global renewable energy capacity by 2030, [4] [75] the development of numerous "zero- and low-emission technologies", [4] further efforts "towards the phase-down of unabated coal power" [4] and a cut in methane emissions. [75]
(a) Tripling renewable energy capacity globally and doubling the global average annual rate of energy efficiency improvements by 2030; (d) Transitioning away from fossil fuels in energy systems, in a just, orderly and equitable manner, accelerating action in this critical decade, so as to achieve net zero by 2050 in keeping with the science;
At the 2023 United Nations Climate Change Conference, around three-quarters of the world's countries set a goal of tripling renewable energy capacity by 2030. [26] The European Union aims to generate 40% of its electricity from renewables by the same year.
In its March 2024 publication, IRENA highlighted a marked rise in global renewable electricity capacity, with an increase of 473 gigawatts (GW) in 2023. This figure represents 86% of all newly installed power generation capacity during that year.
REN21 (Renewable Energy Policy Network for the 21st Century) is a policy network and a multistakeholder governance group which is focused on renewable energy policy. REN21's goal is to facilitate policy development, knowledge exchange, and joint action towards a rapid global transition to renewable energy .
China produced 31% of global renewable electricity, followed by the United States (11%), Brazil (6.4%), Canada (5.4%) and India (3.9%). [1] Renewable investment reached almost $500 billion globally in 2022, [2] amounting to 83% of new electric capacity that year. [3] The renewable energy industry employs almost 14 million people. [4]
English: This chart displays data on global renewable energy production for the year 2023. It highlights the top renewable energy producers in each continent and the percentage of renewable energy generated by each type of source: hydroelectric, solar power, wind power, geothermal energy, biomass and other.
While crude oil and natural gas are also being phased out in chemical processes (e.g. production of new building blocks for plastics) as the circular economy and biobased economy (e.g. bioplastics) are being developed [16] to reduce plastic pollution, the fossil fuel phase out specifically aims to end the burning of fossil fuels and the consequent production of greenhouse gases.