In a groundbreaking move towards sustainable energy, 117 countries have joined forces at U.N’s COP28 Summit to commit to tripling their renewable energy capacities. During the conference, representatives from nations across the globe pledged to significantly increase investments in renewable energy projects. The ambitious agreement sets a target to triple the current renewable energy capacity, a move applauded by environmentalists and experts worldwide. In addition to increasing investments, governments and financial institutions will need to address the high cost of funding that has hindered renewable energy projects in underdeveloped countries if they want to reach the objective of 10,000 gigawatts of installed renewable energy globally by 2030. The collective resolve of 117 nations to triple renewable energy capacities signifies a shared commitment to building a sustainable and resilient future, free from the detrimental impacts of fossil fuels.

Source: The North Africa Journal December 05, 2023 09:24 UTC