Annual Reports and Global Renewables Summit to Monitor Progress on Tripling Renewables Capacity and Doubling Efficiency by 2030
In a move to hold countries accountable for tackling climate change, the International Renewable Energy Agency (IRENA) has been tasked with leading the creation of annual reports tracking progress towards significantly increased renewable energy capacity and improved energy efficiency. This follows the historic agreements reached at COP28, which called for tripling global renewable energy capacity and doubling energy efficiency by 2030.
To ensure a comprehensive picture, IRENA has partnered with the Global Renewables Alliance (GRA) as its exclusive private sector partner for this initiative. This collaboration leverages IRENA’s expertise alongside industry data from GRA members, providing a robust system for monitoring progress.
The first report is expected later this year and will be published annually until 2030. These reports will serve as a critical tool for policymakers and stakeholders, informing future climate negotiations and highlighting areas where further action is needed.
“This is an unprecedented step forward in our fight to keep the Paris Agreement on track,” said Francesco La Camera, Director-General of IRENA. “Collaboration across sectors is essential, and the private sector’s insights will be invaluable in monitoring progress towards these ambitious goals.”
GRA CEO Bruce Douglas echoed this sentiment, emphasizing the importance of public-private partnerships in accelerating the clean energy transition. “By combining data and expertise, we can create a clear picture of where we stand and identify the most effective strategies for reaching our targets,” he said.
Beyond the annual reports, IRENA and GRA will also collaborate on the Global Renewables Summit ahead of COP29. This high-level event, to be held during Climate Week NYC, will be the first of its kind, bringing together public and private stakeholders to discuss the challenges and opportunities of achieving the 11,000 GW renewable energy target by 2030.
The summit and a joint Global Renewables Hub planned for COP29 itself will provide crucial platforms for ongoing discussions and collaboration, with a specific focus on supporting developing economies in their clean energy transition journeys.