In order to support meaningful progress toward decarbonization in our energy industry, policy mechanisms must become clearer, less redundant, and more efficient. Removing headachey and byzantine permitting processes and providing more transparency and accuracy in oversight and application of policy and policy mechanisms will be critical to removing bottlenecks in green energy expansion. On a global scale, more efficient and effective energy policy will be critical to meet COP 28’s Consensus goal of tripling renewable energy capacity by 2030.
Analyses from Bloomberg New Energy Finance and the International Energy Agency (IEA) find that the goal of tripling renewable capacity by the end of the decade is feasible if governments cut down on lengthy permitting processes. “It often takes as long or longer to obtain permits and licenses for large-scale renewable energy projects as it does to build them,” the IEA stated in…
