IRENA has called for raised global ambition in renewables deployment, with an average of 1000GW added annually by 2030.
According to the first volume of the World Energy Transitions Outlook (WETO) 2023, there also needs to be a significant increase the direct use of renewables in end-use sectors.
These higher goals should be enabled by physical infrastructure, policy, and regulations, and underlining institutional and workforce capabilities, the report states.
The WETO 2023: 1.5°C Pathway positions electrification and efficiency as key transition drivers, enabled by renewable energy, clean hydrogen, and sustainable biomass and tracks implementation across all energy sectors.
According to the latest edition, some progress has been made, mainly in the power sector with record additions in global renewables capacity of 300GW in 2022.
However, the gap between what has been achieved and what is required continues to grow, IRENA said.
IRENA’s director-general Francesco La Camera (pictured) said: “We face the harsh reality that we are not on track to deliver on the Paris Agreement. Our only option is to follow the most promising, science-based pathway one that puts renewable energy at the centre of the solution, while leading countries to energy security, reduced energy costs, and forward-looking industrial development.
“The energy transition must become a strategic tool to foster a more equitable and inclusive world.
“COP28 and the Global Stocktake must not only confirm our deviation from a 1.5°C pathway, but also provide a strategic blueprint to steer us back on track.”