Only 8 nations raise renewable targets after COP28
POWER & RENEWABLE ENERGY

Only 8 nations raise renewable targets after COP28

A year after over 130 countries pledged to triple global renewable energy capacity by 2030 at COP28, a report by energy think tank Ember reveals that national targets have barely shifted, only adding up to a doubling of capacity by 2030. The report 'In 12 months the renewables market has moved but governments have not', states that while renewables markets are progressing, governmental targets lag, with just eight countries revising their renewable goals since the pledge. Ember's report finds that the combined 2030 national renewable energy targets of these countries total 7,242 GW—2.1 times the 2022 capacity of 3,379 GW. Meeting the tripling goal would require an additional 3,758 GW in renewable capacity by 2030. “The growth of renewables is exceeding expectations every year, combined with falling prices," said Dr. Katye Altieri, Electricity Analyst at Ember. "Markets are booming, but there’s still a lack of ambition from countries.” Solar capacity is on a rapid growth trajectory, with projections from the International Energy Agency (IEA) increasing by 22% over the past year, suggesting that solar targets could align with the quintupling needed by 2030. Despite this, government solar targets collectively aim for only 3,011 GW by 2030, or 2.5 times the 2022 capacity. For wind, the targets add up to a doubling by 2030, falling short of the tripling required to meet global targets. Ember's analysis, covering 96 countries and the EU, which account for 96% of the world’s renewable capacity, points to large regional gaps in target-setting across regions like the Middle East and North Africa (MENA), Sub-Saharan Africa, Eurasia, Latin America, and Asia. Despite the urgency, only 30 of these 96 countries have set any national energy storage targets, collectively amounting to 284 GW, far from the 1,500 GW needed by 2030 according to COP29 goals. As COP29 approaches, the report urges governments to take decisive action, with the upcoming 2025 update of Nationally Determined Contributions (NDCs) seen as an opportunity to close the gap between national ambitions and the global tripling goal.

A year after over 130 countries pledged to triple global renewable energy capacity by 2030 at COP28, a report by energy think tank Ember reveals that national targets have barely shifted, only adding up to a doubling of capacity by 2030. The report 'In 12 months the renewables market has moved but governments have not', states that while renewables markets are progressing, governmental targets lag, with just eight countries revising their renewable goals since the pledge. Ember's report finds that the combined 2030 national renewable energy targets of these countries total 7,242 GW—2.1 times the 2022 capacity of 3,379 GW. Meeting the tripling goal would require an additional 3,758 GW in renewable capacity by 2030. “The growth of renewables is exceeding expectations every year, combined with falling prices, said Dr. Katye Altieri, Electricity Analyst at Ember. Markets are booming, but there’s still a lack of ambition from countries.” Solar capacity is on a rapid growth trajectory, with projections from the International Energy Agency (IEA) increasing by 22% over the past year, suggesting that solar targets could align with the quintupling needed by 2030. Despite this, government solar targets collectively aim for only 3,011 GW by 2030, or 2.5 times the 2022 capacity. For wind, the targets add up to a doubling by 2030, falling short of the tripling required to meet global targets. Ember's analysis, covering 96 countries and the EU, which account for 96% of the world’s renewable capacity, points to large regional gaps in target-setting across regions like the Middle East and North Africa (MENA), Sub-Saharan Africa, Eurasia, Latin America, and Asia. Despite the urgency, only 30 of these 96 countries have set any national energy storage targets, collectively amounting to 284 GW, far from the 1,500 GW needed by 2030 according to COP29 goals. As COP29 approaches, the report urges governments to take decisive action, with the upcoming 2025 update of Nationally Determined Contributions (NDCs) seen as an opportunity to close the gap between national ambitions and the global tripling goal.

Next Story
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?