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Global Renewables Alliance Unveils Policy Recommendations to Triple Renewable Energy by 2030

The commitment made in Dubai aims to guide the world back onto the 1.5°C pathway, but current national policies risk falling short. Ambitions alone will not suffice; concrete actions are needed.

June 07, 2024. By Abha Rustagi

The Global Renewables Alliance (GRA) has released a set of policy recommendations to fully realize the potential of renewables and achieve the tripling renewable energy goal established at COP28. 

The commitment made in Dubai aims to guide the world back onto the 1.5°C pathway, but current national policies risk falling short. Ambitions alone will not suffice; concrete actions are needed.

The GRA has also announced the support of its broader Time 4 Action campaign by 16 leading multinational companies, including Fortescue, Orsted, EY, Vestas, CIP, SSE plc, EDP, Corio Generation, ERM, and Iberdrola. This diverse coalition, spanning energy suppliers to energy buyers, highlights broad support for a clean, secure, and just energy system.

"The renewables industry stands ready to deliver, having consistently shattered annual installation records despite significant headwinds and constraints. In 2023 alone, renewable capacity surged by 36 percent," said Bruce Douglas, CEO of GRA. "However, at the current pace, renewable capacity will fall far short of the COP28 commitment, taking the world further off the 1.5 degree pathway and missing huge opportunities for socio-economic development, energy security, green industrialisation, and affordable access to clean energy," he added.

The agenda, titled ‘Actions to Deliver 3x Renewables by 2030,’ provides detailed recommendations for policymakers to overcome key barriers and accelerate renewable energy deployment. It builds on the collaborative report by GRA, the COP28 Presidency, and the International Renewable Energy Agency (IRENA), laying the foundation for the global renewables target set at COP28. The agenda emphasizes action in four core areas: finance, supply chains, permits, and grids.

"Tripling renewable power capacity by 2030 is technically feasible and economically viable but requires commitment, policy support, and investment at scale. As the custodian agency, IRENA has long advocated this approach in its World Energy Transitions Outlook reports. There are no ‘magic bullets’ or shortcuts available; global action must be focused, disciplined, and aligned around key priorities," said Francesco La Camera, Director-General of IRENA.

"We must overcome the structural and systemic barriers that impede progress by modernising and expanding infrastructure, establishing regulatory frameworks and market design fit for the renewables era, and building institutional and human resource capabilities," added La Camera.
 
The Global Renewables Alliance (GRA) represents the leading international industry players and provides a unified renewable energy voice. Comprised of founding members the Global Wind Energy Council, the Global Solar Council, the International Hydropower Association, the International Geothermal Association, the Long Duration Energy Storage Council, and the Green Hydrogen Organisation, the Alliance aims to increase ambition and accelerate the uptake of renewable energy across the world.  
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