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World’s renewable energy capacity grew at record pace in 2023

www.theguardian.com World’s renewable energy capacity grew at record pace in 2023

IEA report says 50% growth last year keeps hope of achieving Cop28 climate target of tripling clean energy capacity

World’s renewable energy capacity grew at record pace in 2023

Global renewable energy capacity grew by the fastest pace recorded in the last 20 years in 2023, which could put the world within reach of meeting a key climate target by the end of the decade, according to the International Energy Agency (IEA).

The world’s renewable energy grew by 50% last year to 510 gigawatts (GW) in 2023, the 22nd year in a row that renewable capacity additions set a new record, according to figures from the IEA.

The “spectacular” growth offers a “real chance” of global governments meeting a pledge agreed at the Cop28 climate talks in November to triple renewable energy capacity by 2030 to significantly reduce consumption of fossil fuels, the IEA added.

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