IEA report: Countries must do more to triple renewable energy generation by 2030 says WWF

Posted on June, 04 2024

Nations must intensify fossil fuel phase-out plans and take concrete steps to achieve global renewable generation capacity by 2030 to keep 1.5°C within reach.

Bonn, Germany (4 June 2024): WWF urges countries to accelerate the global phase-out of fossil fuels and triple renewable energy capacity by 2030 to keep 1.5°C within reach. This is in response to the International Energy Agency (IEA) report indicating the world is off track to meet this commitment made at COP28 in Dubai last November.

 

Reacting to the report, Dean Cooper, WWF Global Energy Lead, said: “World leaders must honour their climate finance commitments to ensure inclusive climate action. Time is running out, and countries must work together to halt all new investments in fossil fuel reserves. They must redirect these funds to renewable energy and energy efficiency.”

 

“More than 80% of the world's energy is generated by burning fossil fuels—coal, oil, and gas—which release billions of tonnes of carbon dioxide into the atmosphere, making them the primary cause of climate change. The science is clear: phasing out fossil fuels and embracing renewable energy sources are crucial to limit global emissions.”

 

“WWF is calling for a faster, greener and fairer transition to renewables. A world powered by efficient, clean and renewable energy is possible, secure, and affordable. We must replace fossil fuels in the energy matrix with renewable energy and reach a full capacity of sustainable energy well before 2050. Countries must transition away from fossil fuels, aligning with an equitable phase-out by 2040 for developed nations and by 2050 for developing countries,” says Cooper.


Shirley Matheson, WWF Global NDC Enhancement Coordinator, said: "Next year, countries must submit new national climate plans to the UN, that are essential in our fight against the climate crisis. We urge governments to submit transformative plans with concrete actions that accelerate the scale and speed of the shift to renewable energy. Developed countries must take the lead by moving away from fossil fuels and increasing the use of renewable energy. This must be reflected by action on the ground, not just at the current talks in Bonn. This is crucial to protecting our planet for the future."

 

ENDS

 

CONTACT 
Robin Harvey
​Izrael Muhamad
news@wwfint.org 

 

 

NOTES

WWF’s COP29 Expectations Paper ‘Financing the Future: Unleashing Climate Action’ is available to download here

 

WWF’s Climate and Energy Policy Manifesto 2024 ‘Turning the tide on tipping points: Aiming higher, doing more and exploring synergetic solutions’ is available to download here.

 

Find out more about WWF and COP29 here: wwf.panda.org/cop29.

 

About WWF

WWF is an independent conservation organization, with over 30 million supporters and a global network active in over 100 countries. WWF's mission is to stop the degradation of the Earth's natural environment and to build a future in which humans live in harmony with nature, by conserving the world's biological diversity, ensuring that the use of renewable natural resources is sustainable, and promoting the reduction of pollution and wasteful consumption

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