A new report from the International Energy Agency (IEA) suggests that the world could miss out on a target of 11,000 GW of global renewables capacity by the end of the decade, as agreed at COP28. It also predicts that solar will become the world’s largest source of installed renewable capacity, surpassing hydropower.

Image: American Public Power Association, Unsplash

The COP28 Tripling Renewable Capacity Pledge: Tracking countries’ ambitions and identifying policies to bridge the gap, says only 14 of the 194 National Determined Contributions (NDCs) explicitly lay out 2030 targets for renewables capacity. The commitments equate to 1,300 GW of renewables by 2030 – 12% of the 11,000 GW required to meet the global tripling objective set at COP28 in Dubai. China accounts for almost 90% of this NDC total, having explicitly set a goal of 1,200 GW of wind and solar by the end of the decade.

The IEA…