The global goal of tripling renewable energy resources by 2030 becomes an attainable dream, says the International Energy Agency (IEA) in its report at the New York Climate Week. It will require a huge push to unlock different bottlenecks of permissions and grid connections. This move is to cut the usage of fossil fuels to save the earth and sustain life in it.
This report comes in the aftermath of the pledge by 200 countries to triple renewable energy resources at last year’s COP 28 Climate Summit at Dubai. The summit also witnessed a pledge to reach net zero emissions from the energy sector by 2050.
The IEA said the renewable energy goal “is within reach thanks to favorable economics, ample manufacturing potential, and strong policies,” but said more renewable capacity by itself would not slash fossil fuel use and reduce costs for consumers.
“To unlock the full benefits of the tripling goal, countries need to make a concerted push to build and modernize 25 million kilometers of electricity grids by 2030… The world would also need 1,500 gigawatts (GW) of energy storage capacity by 2030,” the IEA said.
The report said that tripling renewable energy capacity and doubling energy efficiency measures to reduce power use could decrease global greenhouse gas emissions by 10 billion metric tons by the end of the decade to what is otherwise expected.
