Global renewable capacity surpasses previous records

The report from the International Renewable Energy Agency shows that the global renewable energy generation capacity experienced a record-breaking increase last year, adding 693 gigawatts—more than half of the total electricity generation capacity in the United States. This growth is evidence of the market's strength, making the transition to clean energy irreversible as part of worldwide efforts to combat climate change. However, the world still needs to more than double its current renewable energy capacity (5.15 terawatts) to achieve the goal of tripling capacity by 2030, a key target agreed upon by nations during the COP28 conference.

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