Story perspectives

Global Renewable Energy Growth Falls Short of Goals

10/15/2025

Summary

IRENA Reports Shortfall

The International Renewable Energy Agency (IRENA) reported 582 GW of renewable capacity added in 2024, which falls short of 1,122 GW annually.
Nations at COP28 committed to 11.2 terawatts of renewable energy by 2030.
Citicore Renewable Energy Corporation is launching 11 solar projects in the Philippines to reach 35% clean energy by 2030.
Brazil's Environment Minister Marina Silva advocates a shift from fossil fuels and increased investment in renewables.

Summary

Miliband Advocates Clean Power

Ed Miliband (Labour MP) said the push for clean power is essential to reduce energy costs.
He pledged to lower average energy bills by £300 by 2030.
Energy bills rose 2% due to regulatory changes.
Conservatives and Reform UK criticized net-zero policies for rising costs and plan to abolish the legally binding carbon reduction target.
Industry leaders urged action to lower electricity prices by removing policy costs from bills.

History

Historical Context

The Paris Agreement, adopted in 2015 during COP21, united 196 nations to limit global warming to below 2°C, with a target of net-zero emissions by 2050. Despite initial enthusiasm, global emissions continued to rise, necessitating urgent action. The recent COP28 commitment to achieve 11.2 terawatts of renewable energy by 2030 underscores the ongoing struggle to transition from fossil fuels and mitigate climate change effectively.

1 of 3

IRENA Reports Shortfall

The International Renewable Energy Agency (IRENA) reported 582 GW of renewable capacity added in 2024, which falls short of 1,122 GW annually.
Nations at COP28 committed to 11.2 terawatts of renewable energy by 2030.
Citicore Renewable Energy Corporation is launching 11 solar projects in the Philippines to reach 35% clean energy by 2030.
Brazil's Environment Minister Marina Silva advocates a shift from fossil fuels and increased investment in renewables.

1 / 3