A new report provides actionable policy recommendations for governments and the private sector on how to increase global renewable energy capacity to at least 11,000 GW while also doubling annual average energy efficiency improvements in the target period.

Titled ‘Tripling Renewable Power and Doubling Energy Efficiency by 2030: Crucial Steps Towards 1.5 deg C’, the joint report was presented by the COP28 Presidency, the International Renewable Energy Agency (IRENA), and the Global Renewables Alliance (GRA) at a Pre-COP event in Abu Dhabi, a month ahead of COP28.

The report divides the key enablers into five sections:

• Infrastructure and system operation: Power grids, energy storage, end-use electrification, etc.

• Policy and regulation: Improving energy efficiency, market incentives and fiscal policy, power market design, etc.

• Supply chain, skills, and capacities: Building resilient supply chains, education, training, and capacity-building.

• Scaling-up public and private finance.

• Enhancing international collaboration.

The collaboration between the COP28 Presidency, IRENA, and the GRA reflects the growing global consensus on achieving these targets.

Dr Sultan Al Jaber, COP28 President and Managing Director and Group CEO of Adnoc, said in the report: "Tripling the deployment of renewable power generation and doubling energy efficiency are amongst the most important levers to cut greenhouse gas emissions. I am now calling on everyone to come together, commit to common targets, and take comprehensive domestic and international action, as outlined in this report, to make our ambitions a reality."