The amount of renewable energy capacity added to energy systems reached almost 510GW in 2023, with solar PV accounting for three-quarters of that. Increases in renewable energy capacity in Europe, the US and Brazil also hit all-time highs. Renewable energy capacity as agreed at COP28The IEA’s latest analysis is the first comprehensive assessment of global renewable energy deployment since COP28. It shows that under existing policies and market conditions, global renewable power capacity is expected to grow to 7,300GW between now and 2028. Of referenceThe collective energy transition ambition to date is not enoughTripling renewable energy capacity by 2030 means different things to different countriesThe report presents an accelerated case in which more rapid policy implementation would drive renewable power capacity growth 21% higher than in the main forecast.
