G20 leaders look to triple global renewable energy by 2030 - The Hill
G20 leaders look to triple global renewable energy by 2030 | The Hill
G20 leaders look to triple global renewable energy by 2030
The Group of 20 (G20) nations over the weekend said they would aim to triple the amount of renewable energy in the world by 2030.
In a new declaration, the G20 leaders agreed to “pursue and encourage efforts to triple renewable energy capacity globally.”
In terms of fossil fuels, the main driver of climate change, the declaration agreed on “accelerating” a previous agreement to work toward the “phasedown of unabated coal power.”
Unabated coal plants are those whose emissions are not captured and prevented from entering the atmosphere.
The G20 comprises major economies, including the United States, China, Russia, the European Union and India.
The U.S. last year passed the Inflation Reduction Act (IRA), which includes sections aimed at bolstering renewables.
In a press Sunday conference, President Biden said other countries were following the “IRA playbook.”
Joe Biden
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Related Knowledge Center: ENERGY BASICS: renewables
Renewable energy sources — once the fuel of the future, then practical in specific, narrow applications — are increasingly economic mainstream sources of power generation. Hydropower was long the mainstay of U.S. renewable electricity generation, although wind power surpassed hydro for the first time in 2019, and solar continues its rapid growth. The continued growth of wind and solar, with their fluctuations, is tied in part to improvements in storage technology: batteries.