The latest statistics from the International Renewable Energy Agency show that by 2030, global renewable energy capacity must grow at a rate of at least 16.4% per year to achieve the goals promised at the 28th Conference of the Parties (COP28) of the United Nations Framework Convention on Climate Change.

The latest report from the International Renewable Energy Agency highlights a major risk: the world may not be able to achieve the set target of 11.2TW by 2030. The report shows that the growth rate of renewable energy capacity reached a record high of 14% in 2023. The International Renewable Energy Agency has stated that if this growth rate continues, there may be a global shortfall of 1.5 TW by 2030, accounting for as much as 13.5%.