Tripling Renewable Energy Capacity by 2030 Will Require $1.5 Trillion Per Year

The world’s progress to reach the goal of tripling renewables capacity by 2030 is falling short and needs another tripling, of investments, from $570 billion in 2023 to $1.5 trillion every year between 2024 and 2030, the International Renewable Energy Agency (IRENA) said in a new report on Friday. Despite the significant acceleration of renewable capacity installations, the current pace of growth and progress is still falling short of targets, IRENA said. According to the current plans and targets of individual countries, the goals set would…