World Leaders Told to Close Renewable Deployment Gap

Most countries’ nationally determined contributions (NDCs) offer insufficient detail on the pace and scale of their adoption of renewable energy with only 12 parties to the Paris Agreement committing to a percentage of renewables in their overall energy mixes. This is according to a new report by the International Renewable Energy Agency (IRENA), which assesses the level of renewable energy ambition in national climate pledges and benchmarks targets against the global climate goal of limiting temperature rise to 1.5°C. The analysis also finds that by 2030, countries are on target to reach 5.4 terawatts of installed renewable power capacity, roughly half of that needed according to IRENA’s 1.5°C scenario. The report was released to coincide with the World Leaders Summit at COP27, where heads of government outline and update their climate change mitigation and adaptation strategies. IRENA Director-General Francesco La Camera said, “At a time when we desperately need to see rapid implementation, I call on world leaders to urgently close the renewable deployment gap in pursuit of resilience, energy security and inclusive economies. IRENA’s report is a warning to the international community telling them that renewables offer a readily achievable climate solution but require immediate action.

 

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