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renewable energy expansion reached another record in 2024, but progress remains off pace to meet the target agreed at COP28 to triple installed capacity by 2030. According to a paper released by the International Renewable Energy Agency (IRENA), the Global Renewables Alliance, and the COP30 Brazilian Presidency, 582GW of new renewable power capacity was added last year, marking a 15.1% increase and bringing total global capacity to 4,443GW. However, achieving the 11,174GW goal for 2030 will require average annual growth of 16.6% between 2025 and 2030, underscoring the scale of acceleration still needed.",{"type":563,"attrs":582,"content":583},{"textAlign":49},[584],{"text":585,"type":568},"IRENA Director-General Francesco La Camera said the goal remains within reach, noting expectations for up to 750GW of new capacity in 2025 as the gap begins to close. The report highlighted that policy alignment and investment in grids, workforce reskilling, and supply chains will be essential to sustain momentum. Despite policy uncertainty in some regions, including changes to US tax credits for solar and wind, global trends continue to support long-term renewable growth. The sector’s rapid cost declines and resilience through macroeconomic shifts reinforce what La Camera called a “non-stoppable transition.”",{"type":563,"attrs":587,"content":588},{"textAlign":49},[589],{"text":590,"type":568},"This latest data release sets the tone ahead of COP30 in Brazil next month, where governments are expected to present updated commitments for 2030 and 2035 under the Paris Agreement.",{"type":592,"attrs":593},"blok",{"id":594,"body":595},"c5602bab-e386-4e4c-945f-f8c51403bd48",[596],{"id":597,"_uid":598,"type":599,"_editable":600,"component":601,"fixed_height":602,"use_fixed_height":50,"fixed_height_mobile":602,"fixed_height_tablet":602},"24262202","i-5dfb165f-31f3-4a97-ac49-6694f7f8213e","visualisation","\u003C!--#storyblok#{\"name\": \"ContentFlourish\", \"space\": \"\", \"uid\": \"i-5dfb165f-31f3-4a97-ac49-6694f7f8213e\", \"id\": \"\"}-->","ContentFlourish","",{"type":592,"attrs":604},{"id":605,"body":606},"708e3f28-d141-46d4-999e-25e72e4166cb",[607],{"id":608,"_uid":609,"type":599,"_editable":610,"component":601,"fixed_height":602,"use_fixed_height":50,"fixed_height_mobile":602,"fixed_height_tablet":602},"25744333","i-42c0654c-3a5a-455e-8a43-28ff1c745c2e","\u003C!--#storyblok#{\"name\": \"ContentFlourish\", \"space\": \"\", \"uid\": \"i-42c0654c-3a5a-455e-8a43-28ff1c745c2e\", \"id\": \"\"}-->",{"type":570,"attrs":612,"content":613},{"level":572,"textAlign":49},[614],{"text":615,"type":568},"Energy in the news this month",{"type":563,"attrs":617,"content":618},{"textAlign":49},[],{"type":592,"attrs":620},{"id":621,"body":622},"3acbba11-664d-4342-a3d5-4a2da6b7e998",[623],{"id":624,"_uid":625,"type":599,"_editable":626,"component":601,"fixed_height":602,"use_fixed_height":50,"fixed_height_mobile":602,"fixed_height_tablet":602},"24262196","i-35a5ebfe-db1f-46b4-bcc1-c83895e55d0f","\u003C!--#storyblok#{\"name\": \"ContentFlourish\", \"space\": \"\", \"uid\": \"i-35a5ebfe-db1f-46b4-bcc1-c83895e55d0f\", \"id\": \"\"}-->",{"type":592,"attrs":628},{"id":629,"body":630},"44b2dc21-e7a3-47cc-a8b9-d24db673df45",[631],{"id":632,"_uid":633,"type":599,"_editable":634,"component":601,"fixed_height":602,"use_fixed_height":50,"fixed_height_mobile":602,"fixed_height_tablet":602},"24262160","i-58612e7a-3522-4b85-98bf-83451f653077","\u003C!--#storyblok#{\"name\": \"ContentFlourish\", \"space\": \"\", \"uid\": \"i-58612e7a-3522-4b85-98bf-83451f653077\", \"id\": \"\"}-->",{"type":592,"attrs":636},{"id":637,"body":638},"14ec6250-fa24-4fc2-ae64-d7ce469c9d93",[639],{"id":640,"_uid":641,"type":599,"_editable":642,"component":601,"fixed_height":602,"use_fixed_height":50,"fixed_height_mobile":602,"fixed_height_tablet":602},"25281785","i-1e69e690-dd69-41f3-8531-964ef29078f0","\u003C!--#storyblok#{\"name\": \"ContentFlourish\", \"space\": \"\", \"uid\": \"i-1e69e690-dd69-41f3-8531-964ef29078f0\", \"id\": \"\"}-->",{"type":592,"attrs":644},{"id":645,"body":646},"9da8949f-691c-4c1c-9ca3-baccfa9582dc",[647],{"id":648,"_uid":649,"type":599,"_editable":650,"component":601,"fixed_height":602,"use_fixed_height":50,"fixed_height_mobile":602,"fixed_height_tablet":602},"24262170","i-e4ca7dc5-478d-4aa1-bdfa-ad8f8348c60b","\u003C!--#storyblok#{\"name\": \"ContentFlourish\", \"space\": \"\", \"uid\": \"i-e4ca7dc5-478d-4aa1-bdfa-ad8f8348c60b\", \"id\": \"\"}-->",{"type":563,"attrs":652,"content":653},{"textAlign":49},[],"This report offers energy indicators for major global economies, designed to enhance understanding of the energy transition and to complement Benchmark’s data. Highlights Global renewable energy expansion reached another record in 2024, but progress remains off pace to meet the target agreed at COP28 to triple installed capacity by 2030. According to a paper released […]","\u003C!--#storyblok#{\"name\": \"briefing\", \"space\": \"\", \"uid\": \"28d1f4b6-f4c6-4b0e-a863-1e538fa6ffed\", \"id\": \"\"}-->","briefing",[658,661],{"slug":659,"name":660},"geopolitics","Geopolitics",{"slug":662,"name":663},"new-energy","New Energy","private","monthly","Oct 20, 2025","20th October 2025",{"slug":669,"title":670,"cardImage":671,"description":672,"frequency":673},"energy-indicators","Energy Indicators","https://a.storyblok.com/f/287943243085208/x/b2d94d4603/energy-indicators-hero.avif","This Briefing provides energy indicators for major economies to support understanding of the energy transition and Benchmark data.","Monthly",[],[],1792773990698]