Global Renewable Energy Growth Hits Record But Falls Short of Climate Targets
Global renewable energy capacity grew by a record 15.1% in 2024, adding 582 GW of new installations. However, this remains below the 16.6% annual growth needed to achieve the UN climate target of tripling renewable capacity by 2030.
Record Renewable Growth Still Insufficient for Climate Goals
The global transition to renewable energy achieved unprecedented momentum in 2024, with a record 582 gigawatts of new capacity added worldwide. This represents a 15.1% annual growth rate, according to a comprehensive report released by leading international energy organizations. Despite this remarkable progress, the current growth trajectory remains insufficient to meet the ambitious target of tripling global renewable capacity by 2030, a key commitment made by over 100 countries during the COP28 climate summit.
