* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Thursday, October 23, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Reba McEntire Details Personal Relationship With Late Stepson Brandon Blackstock – KNDU

    Reba McEntire Shares Emotional Tribute to Her Late Stepson Brandon Blackstock

    Sacramento city leaders approve adding 2 entertainment zones in midtown – CBS News

    Sacramento City Leaders Approve Two Thrilling New Entertainment Zones in Midtown

    AMC brings first new Dolby Experience to Gwinnett since 2017 – Wyoming News Now

    AMC Launches First New Dolby Experience in Gwinnett Since 2017

    Hetzel Design: blending architecture and entertainment – Blooloop

    Hetzel Design: Where Architecture and Entertainment Unite in Perfect Harmony

    Country music legend rushed to hospital year after heart surgery. Here’s what we know – PennLive.com

    Country Music Legend Rushed to Hospital One Year After Heart Surgery – What’s Happening Now?

    Strictly Come Dancing results: Chris Robshaw is eliminated while drag queen La Voix escapes dance-off – Yahoo

    Strictly Come Dancing results: Chris Robshaw is eliminated while drag queen La Voix escapes dance-off – Yahoo

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Next steps: Technology opens new options for greater mobility – Missouri Independent

    Next Steps: How Technology is Opening Exciting New Doors to Greater Mobility

    Rydberg Technologies Inc. Announces Launch of Rydberg Photonics in Berlin – The Quantum Insider

    Rydberg Technologies Launches Exciting New Photonics Division in Berlin

    A look into new technology at Columbia University that could help prevent a dangerous pregnancy complication – ABC7 New York

    A look into new technology at Columbia University that could help prevent a dangerous pregnancy complication – ABC7 New York

    Office Technology: Dealers’ Managed IT Revenue up Nearly 30% – The Cannata Report –

    Office Technology: Dealers’ Managed IT Revenue up Nearly 30% – The Cannata Report –

    3 E Network Technology Group Limited Closes $1.5 Million Convertible Promissory Note Offering – Quiver Quantitative

    3 E Network Technology Group Limited Closes $1.5 Million Convertible Promissory Note Offering – Quiver Quantitative

    3 Technology Stocks to Buy Now – Yahoo Finance

    3 Must-Buy Tech Stocks You Can’t Afford to Miss Right Now

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Reba McEntire Details Personal Relationship With Late Stepson Brandon Blackstock – KNDU

    Reba McEntire Shares Emotional Tribute to Her Late Stepson Brandon Blackstock

    Sacramento city leaders approve adding 2 entertainment zones in midtown – CBS News

    Sacramento City Leaders Approve Two Thrilling New Entertainment Zones in Midtown

    AMC brings first new Dolby Experience to Gwinnett since 2017 – Wyoming News Now

    AMC Launches First New Dolby Experience in Gwinnett Since 2017

    Hetzel Design: blending architecture and entertainment – Blooloop

    Hetzel Design: Where Architecture and Entertainment Unite in Perfect Harmony

    Country music legend rushed to hospital year after heart surgery. Here’s what we know – PennLive.com

    Country Music Legend Rushed to Hospital One Year After Heart Surgery – What’s Happening Now?

    Strictly Come Dancing results: Chris Robshaw is eliminated while drag queen La Voix escapes dance-off – Yahoo

    Strictly Come Dancing results: Chris Robshaw is eliminated while drag queen La Voix escapes dance-off – Yahoo

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Next steps: Technology opens new options for greater mobility – Missouri Independent

    Next Steps: How Technology is Opening Exciting New Doors to Greater Mobility

    Rydberg Technologies Inc. Announces Launch of Rydberg Photonics in Berlin – The Quantum Insider

    Rydberg Technologies Launches Exciting New Photonics Division in Berlin

    A look into new technology at Columbia University that could help prevent a dangerous pregnancy complication – ABC7 New York

    A look into new technology at Columbia University that could help prevent a dangerous pregnancy complication – ABC7 New York

    Office Technology: Dealers’ Managed IT Revenue up Nearly 30% – The Cannata Report –

    Office Technology: Dealers’ Managed IT Revenue up Nearly 30% – The Cannata Report –

    3 E Network Technology Group Limited Closes $1.5 Million Convertible Promissory Note Offering – Quiver Quantitative

    3 E Network Technology Group Limited Closes $1.5 Million Convertible Promissory Note Offering – Quiver Quantitative

    3 Technology Stocks to Buy Now – Yahoo Finance

    3 Must-Buy Tech Stocks You Can’t Afford to Miss Right Now

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Science

Renewables are booming — but not enough to meet COP28 goals

January 12, 2024
in Science
Renewables are booming — but not enough to meet COP28 goals
Share on FacebookShare on Twitter

At the United Nations climate conference that concluded last month in Dubai, the world’s countries pledged to triple global renewable energy capacity by 2030. The renewables target received less attention than other, more contentious goals pursued at the conference, such as scaling down fossil fuel production and funding reparations for the nations suffering the worst climate impacts. After all, the costs of renewable technology like solar have plummeted in recent years, making it cheaper than coal and natural gas in the vast majority of cases.

But a new report from the International Energy Agency lays bare the challenges that lie ahead as the world tries to accelerate this trend. If countries implement current policies, the agency projects that global renewables capacity will increase by a factor of 2.5, falling short of the 11,000-gigawatt tripling target set at the so-called COP28 conference in Dubai. In part this is because high interest rates and supply chain disruptions in wealthy countries like the U.S. are stifling the growth of renewables — particularly offshore wind.

“The tripling renewables target will not be easy by any means,” said Maria Pastukhova, a senior policy advisor at the climate think tank E3G’s office in Berlin, Germany. “It’s not simple, but it’s been seen as absolutely urgent and economically beneficial to most countries. It’s a race against time that we know we have to win.”

The report is the first to conduct a country-by-country analysis of renewables expansion since COP28. Overall, it found countries have installed more than 3,600 gigawatts in renewable energy capacity so far. Under current policies, that number is expected to reach a bit more than 9,000 gigawatts by 2030, leaving a roughly 2,000 gigawatt gap to reach the 11,000 gigawatt target.

China is expected to be responsible for about half of the growth in the coming years. The country, which has long been a leader in solar installations, commissioned as much solar last year as the whole world did in 2022. The United States, the European Union, Brazil, and India are also expected to double their renewables portfolios by 2028.

Still, despite these bright spots, meeting the COP28 target requires significant additional policy interventions, according to the energy agency. The challenges are particularly acute in the wind industry, which has been hit hard by inflation, high interest rates, and supply chain disruptions. Over the last two years, central bank interest rates have risen from less than 1 percent to more than 5 percent, making it harder for renewables developers to finance projects. Inflation has pushed the cost of wind turbines and other components higher, adding to the crunch facing developers. On top of this, many wind developers signed contracts to install wind turbines before the COVID-19 pandemic, at a time when interest rates were stable and equipment was easy to procure. The past few years have upended expectations that those economic tailwinds would continue.

As a result, wind turbine manufacturers in North America and Europe have suffered financial losses for nearly the last two years. In 2023, wind developers postponed or canceled about 15 gigawatts of installations in the U.S. and the United Kingdom. Auctions for wind projects are receiving few or no bids in Rhode Island and the Gulf of Mexico. In New York, state regulators are planning to accept new bids for canceled projects and are now attempting to tie prices to inflation.

Even if more favorable economic conditions emerge for renewables in the coming years, developers face another major challenge, particularly in the U.S. and Europe: long permitting timelines. In order to build solar and wind projects and the enabling infrastructure needed to connect their power to the grid, developers have to work with regulators to receive a variety of operating and environmental permits. In Europe, these permits can take anywhere from 5 to 15 years, Pastukhova said.

“The bureaucratic procedures hamper development,” she said. “That does not help the business.”

Pastukhova said that even as wealthy countries solve domestic challenges to accelerate renewables deployment, they must also finance projects in developing countries. Parts of Africa and South Asia have tremendous potential for solar, but without funding to invest in the infrastructure needed to support renewables and access to technology, some countries may be left behind in the energy transition.

“The most important challenge for the international community is rapidly scaling up financing and deployment of renewables in most emerging and developing economies,” said Fatih Birol, the International Energy Agency’s executive director, in a press release. “Success in meeting the tripling goal will hinge on this.”

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Grist – https://grist.org/energy/cop28-renewable-energy-2030-goal-iea/

Tags: BoomingRenewablesscience
Previous Post

Why Motivation Follows Action, Not the Other Way Round

Next Post

Study: Climate migration will leave the elderly behind

Vibrio pectenicida strain FHCF-3 is a causative agent of sea star wasting disease – Nature

Vibrio pectenicida strain FHCF-3 is a causative agent of sea star wasting disease – Nature

October 23, 2025
Condensation defying gravity – European Space Agency

Condensation defying gravity – European Space Agency

October 23, 2025
Guest educators bring fun environmental science to Kent middle school – MyEasternShoreMD

Guest Educators Ignite Passion for Environmental Science at Kent Middle School

October 23, 2025
Equity Lifestyle Properties, Inc. Profit Rises In Q3, Beats Estimates – Nasdaq

Equity Lifestyle Properties Delivers Impressive Q3 Profit, Exceeding All Expectations

October 23, 2025
Next steps: Technology opens new options for greater mobility – Missouri Independent

Next Steps: How Technology is Opening Exciting New Doors to Greater Mobility

October 23, 2025
American Football Betting Market Report 2025, with Profiles of ESPN, Caesers Entertainment, Entain, Fanatics Sports Betting, Betfred and Other Major and Innovative Companies – Yahoo Finance

American Football Betting Market Report 2025, with Profiles of ESPN, Caesers Entertainment, Entain, Fanatics Sports Betting, Betfred and Other Major and Innovative Companies – Yahoo Finance

October 23, 2025
UIPM 2025 Obstacle World Championships (OCR): All you need to know – Union Internationale de Pentathlon Moderne (UIPM)

Your Ultimate Guide to the 2025 Obstacle World Championships

October 23, 2025
PPPs in Bolivia: The future of our economy? – Dentons

Could PPPs Unlock Bolivia’s Path to Economic Prosperity?

October 23, 2025
Reba McEntire Details Personal Relationship With Late Stepson Brandon Blackstock – KNDU

Reba McEntire Shares Emotional Tribute to Her Late Stepson Brandon Blackstock

October 23, 2025
Mark Peterson receives inaugural APSA Career Achievement Award in Health Politics and Policy – UCLA

Mark Peterson receives inaugural APSA Career Achievement Award in Health Politics and Policy – UCLA

October 23, 2025

Categories

Archives

October 2025
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031  
« Sep    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (882)
  • Economy (903)
  • Entertainment (21,774)
  • General (17,757)
  • Health (9,944)
  • Lifestyle (916)
  • News (22,149)
  • People (904)
  • Politics (913)
  • Science (16,114)
  • Sports (21,403)
  • Technology (15,883)
  • World (886)

Recent News

Vibrio pectenicida strain FHCF-3 is a causative agent of sea star wasting disease – Nature

Vibrio pectenicida strain FHCF-3 is a causative agent of sea star wasting disease – Nature

October 23, 2025
Condensation defying gravity – European Space Agency

Condensation defying gravity – European Space Agency

October 23, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version