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Record renewables growth, but world ‘not moving fast enough’ for COP28 tripling target – Irena

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Record renewables growth, but world ‘not moving fast enough’ for COP28 tripling target - Irena | Windpower Monthly

Record renewables growth, but world ‘not moving fast enough’ for COP28 tripling target – Irena

Wind power and overall renewables grew at a record rate last year, but the pace of new additions is not fast enough to meet the COP28 target of tripling renewables capacity, according to new figures from the International Renewable Energy Agency (Irena).

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Related Knowledge Center: ENERGY BASICS: renewables

State of Play

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.

More informationabout ENERGY BASICS: renewables