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The COP28 Presidency, the International Renewable Energy Agency (IRENA), and the Global Renewables Alliance (GRA) have launched a joint report on the sidelines of the Pre-COP event in Abu Dhabi, titled Tripling Renewable Power and Doubling Energy Efficiency by 2030: Crucial Steps Towards 1.5 °C.
It provides actionable policy recommendations for governments and the private sector on how to boost global renewable energy capacity to at least 11,000 GW while also doubling annual average energy efficiency improvements in the target period.
The report divides the key enablers into five sections, covering:
- Infrastructure and system operation: power grids, energy storage, end-use electrification, sector coupling and infrastructure planning, demand-side management.
- Policy and regulation: improving energy efficiency, market incentives and fiscal policy, power market design and regulation, streamlining permitting, reducing negative impacts, maximizing social and environmental benefits.
- Supply chain, skills, and capacities: building resilient supply chains, education, training, and capacity-building.
- Scaling-up public and private finance.
- Enhancing international collaboration.
Read the full report here.