Double Global New Energy Growth Needed For 2030 Goals

Global Renewable Energy Goals Must Double to Meet 2030 Climate Goals, Report Warns

March 26, 2023 (Associated Press via Time Magazine)

“…[Renewables accounted for 83% of new power generation and their share of installed power generation] reached 40% in 2022…But in order to halve greenhouse gas emissions by 2030 and put the world on track to cap global warming at 1.5 degrees Celsius (2.7 degrees Fahrenheit), existing targets for renewable power deployment would need to be more than doubled, [according to a new report from the International Renewable Energy Agency]…

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Experts say the amount of carbon dioxide and other polluting emissions released into the atmosphere by 2050 shouldn’t exceed the amount that can be captured through natural or artificial means…[That will require estimated annual public and private investments in renewable energy] to exceed $5 trillion, including for power generation, electrification, transmission grids and efficiency measures…[and] current fossil fuel investments to be diverted to renewable sources and greater financial help for developing countries that are struggling to fund alternatives to coal, oil and gas power plants.” click here for more

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