World Breaks Renewable Records — But Still Not Fast Enough to Meet 2030 Goal, IRENA Warns

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In MENA and Mediterranean markets we cover, solar fields now sit ready but under-connected, as grid modernisation lags behind flashy capacity announcements. The region — especially Gulf and North African economies — could play a major role in closing the global gap, but only if infrastructure catches up with ambition and clean tech manufacturing localises, rather than relying on fragile import chains.

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The world needs to triple renewable energy capacity to 11.2 TW by 2030 to meet COP28 goal

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"Renewables must grow at higher speed and scale. Our new report sheds light on the direction of travel; if we continue with the current growth rate, we will only face failure in reaching the tripling renewables target agreed in the UAE Consensus at COP28, consequently risking the goals of the Paris Agreement and 2030 Agenda for Sustainable Development.”

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Renewables hands-down cheaper than coal, new report

Renewable power is increasingly cheaper than any new electricity capacity based on fossil fuels, a new report by the International Renewable Energy Agency (IRENA) published today finds. Renewable Power Generation Costs in 2019 shows that more than half of the renewable capacity added in 2019 achieved lower power costs than the cheapest new coal plants. The report […]

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