Global Renewables Alliance launches ‘Time 4 Action’ campaign to reach 2030 renewables goal
Published by Jessica Casey,
Editor
Energy Global,
The global goal to triple renewable energy capacity by the end of the decade was agreed by all countries at COP28 with the support of international energy institutions. However, with less than seven years until the deadline, action is now urgently needed.
To turn the Double Down, Triple Up statement into a reality, the Global Renewables Alliance (GRA) has launched the ‘Time 4 Action’ campaign, stating that US$10 trillion must be mobilised to reach the target.
In addition, the campaign calls for policy frameworks to be established to facilitate 11 000 GW of renewables by 2030.
“There is no energy transition without action. World leaders have committed to the tripling goal and now it’s time to deliver. This means taking urgent action on finance, permits, supply chains and grids,” said Bruce Douglas, CEO of the GRA.
The GRA is specifically calling for more action to deliver affordable energy access, clean air, high-quality jobs and to redirect financial resources to renewables, primarily in emerging markets and developing economies.
Douglas added: “De-risking renewable investments, especially in emerging economies, is now a crucial step to delivering on the global target. The global south is where we must see massive upscaling of renewables deployment in order for the energy transition to be just and equitable – and it needs to happen now.”
The International Hydropower Association (IHA) is a founding member of the GRA.
Eddie Rich, IHA CEO, commented: “The sustainable hydropower community welcomes this campaign focused on volume and on urgency. We also need the right renewables mix to ensure we get the most from new capacity. That means flexibility and storage. Water, wind, and sun get the job done!”
For more news and technical articles from the global renewable industry, read the latest issue of Energy Global magazine.
Energy Global's Spring 2024 issue
The Spring 2024 issue of Energy Global starts with a guest comment from Field on how battery storage sites can serve as a viable solution to curtailed energy, before moving on to a regional report from Théodore Reed-Martin, Editorial Assistant, Energy Global, looking at the state of renewables in Europe. This issue also hosts an array of technical articles on electrical infrastructure, turbine and blade monitoring, battery storage technology, coatings, and more.
Read the article online at: https://www.energyglobal.com/other-renewables/29032024/global-renewables-alliance-launches-time-4-action-campaign-to-reach-2030-renewables-goal/
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