Renewables, file development. Birol (Aie): «The world additionally owes it to China» | EUROtoday

Get real time updates directly on you device, subscribe now.

The objective of tripling electrical energy technology capability from renewable sources by 2030 is inside attain, after a “spectacular” 12 months for the sector. And the credit score needs to be given at the very least partly to China, which «to be trustworthy is doing the remainder of the world a service», not solely as a result of it drives new installations but additionally as a result of it’s primarily chargeable for the collapse in prices, which makes vitality inexperienced more and more aggressive in comparison with fossil fuels. This is how Fatih Birol, director of the International Energy Agency (IEA), sees it, who shared and commented prematurely with Il Sole 24 Ore the outcomes of the newest report on renewables produced by the OECD physique.

The report, revealed on Thursday eleventh, focuses on one of many essential commitments signed by the 198 nations that participated in Cop28 in December and its conclusions are encouraging: «We are on the best trajectory – summarizes Birol – Even simply by making use of the present insurance policies we foresee that the capability to provide electrical energy from renewables will improve two and a half occasions by 2028″, the year at which the report’s forecasts stop. The objective of tripling this by 2030, reaching a total of 11 thousand Gigawatts in the world, is therefore “achievable”.

However, governments need to take an active part, following up on the commitments made in Dubai. And renewables must also take off in emerging countries, where financing projects has become even more difficult with the rise in interest rates: «Progress is needed in Africa, Latin America, in Asia», urges Birol.

The IEA intends to ensure that the COP28 promises are not betrayed: «We have started monitoring the actions that will be undertaken by every single country in the world – Birol anticipates to Il Sole 24 Ore – Let’s start with renewables, but we intend to take care of them all the COP28 objectives, including those on energy efficiency and moving away from fossil fuels”,

On the renewables entrance, the change of path recorded in latest months invitations hope. «2023 was a spectacular 12 months, actually a milestone – enthuses the director of the Parisian company – In the house of only one 12 months, international capability grew by 50%, i.e. by over 500 Gigawatts: one thing equal to the whole electrical energy, from any supply, put in in France, Spain and Germany mixed”.