The International Renewable Energy Agency (IRENA) is pushing for the share of renewables in global power to double by 2030. IRENA wants clean electricity to provide 57% of all power within a decade, up from the current 26%.
Its new booklet: 10 Years: Progress to Action – released to mark its 10th annual Assembly – features recent advances and the next step actions needed to ensure green energy can deliver when it comes to the Sustainable Development Goals. It calls for a doubling of investment, from US$330 billion today to $750, with the bulk to be raised through a redirection of ‘planned fossil fuel investment’.
“We have entered the decade of renewable energy action, a period in which the energy system will transform at unparalleled speed,” said IRENA Director-General Francesco La Camera. “To ensure this happens, we must urgently address the need for stronger enabling policies and a significant increase in investment over the next 10 years. Renewables hold the key to sustainable development and should be central to energy and economic planning all over the world.”