In 2023, 181 countries signed the Global Renewables and Energy Efficiency Pledge at the United Nations Climate Change Conference (COP28) held in Dubai. Under the pledge, signatories commit to tripling renewable energy capacity by 2030 to curtail greenhouse gas emissions and achieve the goals outlined in the Paris Agreement.
A recent report analysis from the International Energy Agency (IEA), however, shows that despite accelerating growth in renewables capacity, the world is not on track to meet the pledge’s goals.