582 GW of global renewable capacity additions in 2024: a record year, but still to slow (IRENA report)

Global renewable capacity additions reached an unprecedented 582 GW in 2024. Yet this is still not enough to stay on track for the COP28 UAE Consensus target of tripling renewables to 11.2 TW by 2030 ; these are the main trends highlighted by a report released on 15/10/2025 by the International Renewable Energy Agency (IRENA), the COP30 Brazilian Presidency, and the Global Renewables Alliance (GRA) during a pre-COP30 high-level event in Brasília.

Meeting the COP28 UAE target would now demand 1 122 GW of added capacity every year from 2025 onward, requiring annual growth to accelerate to 16.6% through the decade, according to the second official tracking report on the landmark energy goals set by the UAE Consensus at COP28.

“The world has broken renewable capacity records, but records alone will not keep 1.5°C alive. Renewables are not just the most cost-effective climate solution; they are the biggest economic opportunity of our time. This report shows the path: accelerate deployment, modernise grids, scale clean-tech and strengthen supply chains. Every dollar invested brings…