Governments' targets and plans to speed up the use of renewable energy are set to deliver only half of the growth needed to reach a U.N. climate goal to triple capacity by 2030, a report by the International Renewable Energy Agency (IRENA) showed.

International investment in renewable energy must triple to $1.5 trillion annually by 2030 to meet the global goal of tripling renewables, the International Renewable Energy Agency has said. Despite record spending of $570 billion last year,

Greece has set more ambitious targets for expanding solar and wind power to cut greenhouse emissions by 2030 under a revised energy and climate plan presented on Friday.

Renewable energy is on track to generate half of all electricity supply around the globe by 2030 but is expected to fall short of U.N. targets to triple capacity the same year, the International Energy Agency said.

Renewable energy sources are set to meet nearly half of all electricity demand by the end of the decade, but to fall short of a U.N. goal to triple capacity to reduce carbon emissions, an International Energy Agency (IEA) report showed on Wednesday.

The 5.5TW of renewable additions forecasted between now and 2030 is equal to the current power capacity of China, India, the US and the EU combined.

Renewable energy sources should satisfy half of the world’s electricity needs by 2030. However, the level will still

Last year, the International Energy Agency says, the world added a record 565 gigawatts of new renewables capacity — growth of 60 percent over 2022.