The world is not on track to triple global installed renewables by 2030 as hoped. That’s according to a new report by the International Renewable Energy Agency and the COP30 Brazilian Presidency, along with the Global Renewables Alliance. An unprecedented 582 GW of renewables was installed last year, but deployment still falls short of what is needed to achieve the COP28 UAE Consensus goal of tripling renewables to 11.2 TW by 2030. To stay on track, the report says the world would need to add around 1,122 GW of renewable capacity each year from 2025 onward—about 20 times what was achieved last year. The report also highlights slow progress on energy efficiency. Global energy intensity improved by just 1% in 2024, far below the 4% p.a. needed to keep the Paris Agreement’s 1.5C temperature target within reach. In its annual Energy Transition Outlook DNV says the roughly same. The energy transition it forecasts ‘remains too slow to meet the goals of the Paris Agreement ...
Oxford academic Prof. Sir Dieter Helm has attacked Ed Milband’s new energy policy as flawed, in a prominent article in the Times Comment section (8th Nov p.34-35). Far from being ‘nine times cheaper than gas’ as he says Miliband has claimed, Helm says that renewables are ‘intermittent, low-energy-density, small scale and geographically dispersed’, which means ‘lots of new transmission and distribution infrastructure, batteries and other long duration storage. And lots of back-up gas’. For example, he says, ‘we now need roughly 120GW of installed generation capacity to meet the same demand that 60GW met pre-renewables- twice the transmission lines and pylons and all the back-up batteries and storage too. All of these are additional costs’. He also says that, by contrast, far from being costly and volatile, as Miliband claims, fossil gas in now getting cheaper- including LNG from the USA. It’s certainly true that fossil gas is not as expensive as it was at o...