The Global Renewables Alliance (GRA) has called on governments worldwide [1] to provide clear policy signals to boost investment in renewable energy. The GRA emphasized the need for specific and actionable renewable energy targets to achieve the global goal of tripling renewable energy capacity by 2030.
During a press conference at the International Renewable Energy Agency (IRENA) headquarters, Bruce Douglas, CEO of GRA, highlighted the urgency of the situation. “Despite record-breaking growth in renewable energy deployment, we are still far from achieving the 1.5°C temperature goals set by the global community. Governments must step up and provide the necessary policy support to unlock the full potential of renewables,” he said.
The GRA outlined key policy recommendations to meet the 2030 renewable energy target set at COP28. These recommendations include mobilizing $10 trillion in renewables investment, especially in emerging markets, enhancing supply chain resilience and sustainability, accelerating permitting processes, and optimizing and expanding grid infrastructure.
Douglas stressed that ambitions alone will not build turbines, install solar panels, or develop energy storage systems. “We need commitment, policy support, and investment at scale to make this transition a reality. The renewables industry is ready to deliver, but we need governments to create a conducive environment for investment,” he added.
The GRA’s call to action is supported by a coalition of over 100 stakeholders from industry, finance, and civil society. The alliance believes that clear policy signals from governments can drive investment and accelerate the clean energy transition.
Sources:
[1] ‘More ambitious climate plans needed’ https://renews.biz/98681/more-ambitious-climate-plans-needed/