Key Points
New Delhi: At 47 percent, Asia is currently providing the largest share of additional global renewable energy capacity needed to triple production by 2030, said a report by the global think tank Climate Analytics released Tuesday..
In December 2023, the COP28 in Dubai set the target of tripling global renewables by 2030 to meet the Paris Agreement goal to limit warming to 1.5 degrees Celsius beyond industrial levels...
The report highlights that despite a lower investment amount, sub-Saharan Africa needs to increase its renewable energy investment by five times, the highest among all regions, to match the required levels..
TheClimate Analytics report said the renewable energy capacity of the world needs to grow 3.4-3.6 times by 2030..
The report said due to India and Chinas current policies and renewable energy levels, Asia is the only region that could achieve the capacity needed to maintain the 1.5 goal by 2030..
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