IRENA At COP30: New Report Shows Accelerated Energy Transition Can Increase South America's GDP

2025-11-10 09:01:06

(MENAFN- Caribbean News Global) BRAZIL – As the custodian agency tasked with tracking progress on the global energy goals outlined in the UAE Consensus, the International Renewable Energy Agency (IRENA) released in partnership with the COP30 Brazilian presidency, and the Global Renewables Alliance (GRA), the second edition of the Delivering on the UAE Consensus: Tracking progress toward tripling renewable energy capacity and doubling energy efficiency by 2030

The report shows global renewable capacity additions reached an unprecedented 582 GW. Yet this is not enough to stay on track to achieve the COP28 UAE Consensus target of tripling renewables to 11.2 TW by 2030. To reach this goal, renewable capacity must now expand by 16.6 percent per year from 2025 onward through the end of the decade.

Another IRENA report was released today at the 30th United Nations Climate Change Conference (COP30) Regional Energy Transition Outlook South America

At COP30, IRENA continues supporting countries on their energy transition pathways. Listen to Director-General Francesco La Camera's message on key priorities to be focused on and visit IRENA at the Global Renewables Hub shared with GRA in the Blue Zone

IRENA events at the Global Renewables Hub touch upon diverse topics crucial to advance the energy transition, e.g.: structural transformations in finance, industry, and policy (12 Nov); skilling for the energy transition (13 Nov); decentralised renewables (13 & 18 Nov); power sector transformation (14 Nov); decarbonising hard-to-abate sectors (15 Nov): gender and communities (15 Nov); youth engagement (17 & 19 Nov).

The post IRENA at COP30: New report shows accelerated energy transition can increase South America's GDP appeared first on Caribbean News Global.

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