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At COP29, IRENA Outlook calls for ambitious NDC update a ‘Make or Break’ for Global Goal to Triple Renewables by 2030 

Even if all COP announcements to date were to be fully implemented, a
significant CO2 emission gap would still need to be closed by 2050,
according to IRENA’s World Energy Transitions Outlook 2024.

Released at the opening of the UN Climate Conference COP29 in Baku, Azerbaijan, the
Agency’s 1.5°C Scenario outlines a net-zero path by mid-century, offering
a framework for governments to develop energy transition strategies that
better align energy planning with climate policies to channel investment.

The Outlook shows that current country pledges could cut global
energy-related CO2 emissions by 3% by 2030 and 51% by 2050. Achieving the
global goals of tripling renewable power capacity and doubling energy
efficiency by 2030, as agreed at COP28, would keep the energy transition on
track for net-zero emissions by 2050. These 2030 targets are crucial to
limiting global temperature rise to below 1.5°C, as underscored by the UAE
Consensus.

IRENA 11th Nov 2024, https://mailchi.mp/73121b5cd521/press-release-ndcs-30-a-make-or-break-for-global-goal-to-triple-renewables-by-2030

November 13, 2024 - Posted by Christina Macpherson | renewable