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.
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Many developing countries continue to face chronic energy shortages. Frequent power cuts disrupt industries, limit access to healthcare and education, and slow economic progress.
The 59th Annual Meeting of the Asian Development Bank concluded in Samarkand with new renewable energy agreements, discussions on economic resilience and the release of a major policy report on global value chains.
Central Asian countries are stepping up investment in renewable energy as governments across the region seek to strengthen energy security and prepare for mounting environmental pressures.
As the Iran war disrupts global flows of oil and gas and energy prices skyrocket, the Drin River, which descends through the mountains of northern Albania, is acting as a kind of shield.
The inaugural Enhanced Games began in Las Vegas on Sunday (24 May), launching one of the most controversial experiments in modern sport, in which athletes openly compete using performance-enhancing drugs banned under traditional anti-doping rules.
A peace agreement between Washington and Tehran is yet to materialise, with U.S. President Donald Trump saying that negotiations are incomplete and an Iranian Foreign Ministry Spokesman saying that a deal isn't imminent.
A "largely negotiated" memorandum of understanding on an Iran peace deal would reopen the Strait of Hormuz, U.S. President Donald Trump said on Saturday, though the Iranian Fars news agency disputed that claim.
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The World Health Organization warned on Monday that the fast-moving Ebola outbreak in the Democratic Republic of the Congo and Uganda was outpacing response efforts, with 220 suspected deaths reported so far.
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More than 100 people were killed in a violent storm that battered India's most populous state, Uttar Pradesh, with rain and hail, the state Disaster Management and Relief office said on Thursday.
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Kazakhstan has ratified a regional green energy agreement with Azerbaijan and Uzbekistan, signalling Central Asia’s ambition to become a key supplier of renewable energy to international markets.
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