IRENA Report Details Global Renewable Energy Capacity Gap During COP31 Presidency
- Reports
- 3
- Developments
- 2
- Repetition
- 67%
New informationRepeats or wire copies
What happened
The International Renewable Energy Agency released a report assessing global progress toward the energy goals set by the UAE Consensus at COP28. The report found that global renewable power capacity reached 5.15 terawatts by the end of 2025. To meet the goal of tripling renewables to 11.2 terawatts by 2030, annual growth must accelerate to 1,200 gigawatts between 2026 and 2030.
From econews.com.au
Why it matters
The assessment noted that energy intensity improved by only about 2% in 2025, falling short of the 4% needed to meet the UAE Consensus energy savings goal. The report urged policymakers to take bolder action, including annual investments of nearly USD 1 trillion for necessary grid upgrades.
From econews.com.au
Who's involved
- International Renewable Energy AgencyInternational organization that produced the assessment of global energy goals.
- TürkiyeTürkiye, the host country of the COP31 Presidency.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Energy Market Regulatory AuthoritySpeculative
The report highlights grid bottlenecks, which could increase the regulatory mandate for modernization within the Energy Market Regulatory Authority.
- central bankSpeculative
The massive investment needs identified could increase pressure on the central bank and national capital markets.
How it developed
Newest first. Tap a step to see who reported it.- Simon Stiell cited International Renewable Energy Agency figures on clean energy costs during COP31 in Türkiye.Sub-event
IRENA released a report regarding Türkiye's energy progress during the COP31 Presidency.1 source
Keep exploring
The entities involved
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Türkiye
Turkish news website
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International Renewable Energy Agency
international organization
Related events
- Experts are assessing the government's climate performance during COP31 in Türkiye, highlighting climate backsliding.
- A summit in Ras Al Khaimah addressed sustainability goals with support from the International Renewable Energy Agency and GORD.
- Türkiye presents its COP31 action agenda and collaborates with the UN and WMO on climate plans during a summit in Antalya.
- Francesco La Camera serves as the Director-General of the International Renewable Energy Agency (IRENA).