IRENA Report Details Global Renewable Energy Capacity Gap During COP31 Presidency
- Reports
- 3
- Developments
- 1
- 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.
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
- The International Energy Agency (IEA) released a report analyzing Türkiye's energy progress.
- Türk Telekom is providing technology infrastructure and making a corporate commitment for the 31st session of the UNFCCC (COP31).
- Türkiye presents its COP31 action agenda and collaborates with the UN and WMO on climate plans during a summit in Antalya.
- IRENA monitors energy generation capacity in India and Germany.
- IRENA noted heavily subsidized energy tariffs in Iraq, which supplies up to 40 percent of the gas needed for power stations.