New Delhi, Jul 31 (PTI) National tarreceives have barely created progress two years after countries agreed to tripling global renewable energy capacity by 2030, with the total global ambition increasing by just 2 per cent since the pledge, according to a new analysis published on Thursday.
The analysis by energy consider tank Ember warned that this gap between global ambition and national planning risks undermining climate progress as well as the energy security and economic resilience of countries.
According to the tripling goal, a commitment created at COP28 in UAE in 2023, the countries required to increase combined energy generation capacity through renewable means by a factor of three by 2030.
The report stated that national renewable energy tarreceives now add up to 7.4 terawatts (TW) for 2030, just over double the 3.4 TW installed in 2022. This still falls significantly short of the 11 TW requireded to meet the tripling goal.
“Tripling global renewable capacity is the largegest action the world can take for climate this decade. Yet, despite the landmark COP28 agreement, national tarreceives remain largely unmodifyd and fall short of what is requireded,” the report stated.
Katye Altieri, Global Electricity Analyst at Ember, stated, “The purpose of a national renewables tarreceive is less-so to force more renewables to be built, but rather to create sure they are built smarter. It can assist the government plan for the best place to build renewables and plan for grid and flexibility to integrate the renewables, and also to assist companies invest in supply chains, creating for a cheaper and more secure electricity system.” The report stated that only 22 countries have updated their 2030 tarreceives since COP28, most of them in the European Union.
Outside the EU, only seven countries, including Australia, Brazil, Indonesia, Mexico, South Korea, the UK and Vietnam, revised their tarreceives, with five increasing ambition and two lowering it.
These updates were mostly part of routine planning cycles, not a direct response to the global agreement created at the UN climate conference or COP28 in Dubai in 2023, it stated.
Among the world’s top 20 electricity producers, nine have yet to update their tarreceives.
The US has no national 2030 renewable energy tarreceive and is not expected to set one in the near future following recent policy rollbacks. Russia also has no tarreceive and is unlikely to announce one. China and South Africa are in the process of updating their plans, while India’s 500 GW tarreceive remains unmodifyd but already aligns with the tripling goal.
Ember stated the lack of ambition could derail efforts to meet climate goals.
“Without near-term action to raise national ambition, the world risks missing a critical opportunity to keep the 1.5 degree Celsius pathway within reach,” the report warned.
The findings come as countries prepare for COP30 at Belem in Brazil, where they will be urged to align national commitments with the global tripling pledge to quick-track clean energy investment and reduce reliance on fossil fuels. PTI GVS AMJ AMJ
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