Global coalition pledges to triple renewables, double energy efficiency improvements
(EurActiv, 5 Dec 2023) 118 countries – China and India not included – have signed up to a pledge to triple their renewable energy capacity and double their rate of energy efficiency improvements by 2030.
Tripling global renewable energy capacity to 11 Terawatt, while doubling the rate of energy efficiency improvements, was an initiative launched by Europe in the spring of 2023.
Reaching the world’s climate goals “starts with transforming the energy sector” and consuming less of it, European Commission President Ursula von der Leyen explained at the COP28 UN climate conference in Dubai on 2 December. The annual global conference takes place from 30 November to 12 December.
Her speech launched a global pledge of 118 countries who want to triple global renewable capacity and double energy efficiency improvements.
Committing to installing 11 Terawatts of renewable capacity was a “message of hope,” von der Leyen said. Meanwhile, “the cheapest energy is the one not consumed,” the EU executive chief added.
“With these goals, we send a clear message to industry and investors,” she stressed, adding that this degree of clarity was an important planning aid for companies and could mobilise private capital.