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A record 740 gigawatts of renewable energy capacity was added worldwide last year, but it's still not enough to meet a global goal to triple renewable capacity by 2030, according to a report by the Paris-based thinktank REN21 showed on Tuesday.
A target was set at the COP28 U.N. climate conference in 2023 to triple the amount of renewables such as wind and solar to keep a 1.5 degree Celsius (2.7 Fahrenheit) warming limit this century within reach.
Analysts tracking progress have said the world is not on course to triple capacity. The 1.5 Celsius limit also appears out of reach, they said.
BY THE NUMBERS
Trajectories show a shortfall of 6.2 terawatts towards the goal, which is more than all renewables deployed to date, the REN21 report showed.
Solar photovoltaic accounted for 81% of new renewable power capacity last year as rooftop solar increased in developing countries and technology costs continued to fall. Solar PV is the only renewables technology on track to deliver its contribution to the global tripling capacity target.
CONTEXT
Last year and in early 2025, many countries rolled back or delayed climate change measures as the U.S. withdrew from the Paris Agremeent and New Zealand reversed its ban on offshore oil and gas exploration.
Oil and gas companies and banks have also scaled back investments in the energy transition. Trade measures, even before U.S. President Donald Trump's tariff action this year, also limited renewable development in 2024 as the West protected its industries against cheap Chinese competition.
KEY QUOTE
"We are deploying renewables in record numbers, but we are not building the systems needed to transition to a renewables-based economy," said Rana Adib, executive director of REN21.
"Without coherent policies, coordinated planning, and resilient infrastructure including grids and storage, even record deployment cannot deliver speedy and lasting transformation," she added.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
A tsunami threat was issued in Chile after a magnitude 7.8 earthquake struck the Drake Passage on Friday. The epicenter was located 135 miles south of Puerto Williams on the north coast of Navarino Island.
The war in Ukraine has reached a strategic impasse, and it seems that the conflict will not be solved by military means. This creates a path toward one of two alternatives: either a “frozen” phase that can last indefinitely or a quest for a durable political regulation.
A shooting in Nice, southeastern France, left two people dead and five injured on Friday, authorities said.
Snapchat will start charging users who store more than 5GB of photos and videos in its Memories feature, prompting backlash from long-time users.
Billionaire investor and philanthropist Bill Gates called on world leaders on Tuesday to adapt to extreme weather and focus on improving health outcomes rather than temperature reduction targets ahead of the COP30 climate talks in Brazil.
Three people have died in Jamaica as Hurricane Melissa, possibly the island’s strongest storm ever, approaches with “catastrophic” conditions, warn U.S. meteorologists.
A 6.1-magnitude earthquake struck the Sındırgı district in western Türkiye’s Balıkesir province late on Monday, according to the country’s Disaster and Emergency Management Authority (AFAD).
As Hurricane Melissa barrels towards Jamaica as a powerful Category 4 storm, questions often arise about how these tempests get their names.
The U.N. weather agency plans to cut some posts and is reviewing its priorities as dozens of countries, including the United States, are late with their fees, a spokesperson said on Friday.
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