How can we ensure a people-centred #Energy Transition ?🤔

At our Conference #Energy & Solidarity, invited experts will dive into Putting the Plan for #Grids into Action 👥 while using public participation as a tool for a speedy transition 🌿

#RegisterNow 👉solidarity4grids.eventbrite.co.uk

✨ REN21 - Renewables Now's Global Overview module of the #GSR2024 report is out!

💚 #RES are crucial on our pathway to #NetZero emissions, but
👩‍🔧 #grid development is lagging behind & is needed for reliable energy supply
#GridsEmpowerRES

🪂Dive into the facts&figures👉ren21.net/reports/global…

As we continue to celebrate the 20 years of REN21, here is a snapshot of our community coming together in Berlin last month for the cause of #RenewablesNow !

#REbootTheWorld

🙃Despite decarbonisation targets, many G20 countries have increased their direct subsidies to fossil fuels.

☀️Some hope – Canada banned subsidies to the oil and gas sector starting in July 2023 to phase out inefficient fossil fuel subsidies #GSR2024

ren21.net/gsr-2024/

While 130 countries signed the pledge #COP28 renewable energy and energy efficiency pledge, both China and India abstained.

#GSR2024 dives into why this happened! 👇

linkedin.com/pulse/why-chin…

Only 5 days left until the start of the 3rd ISEC. Final preparations are currently being made. The anticipation of meeting you all at the conference is great. Today we would like to thank all of our sponsors (e.g. Kelag) as well as the co-organizers UNIDO RHC ETIP • ETIP on Renewable Heating & Cooling

Daily chart: annual global renewables investment is half of what's needed to reach net zero - from REN21 - Renewables Now's new report -
Read more: bit.ly/3U65D1Q

👂🏼Catch REN21 Executive Director, @RanaAdibx's interview with @TRTworld on the Renewables 2024 Global Status Report #GSR2024 .

👉🏽youtube.com/watch?v=_96ARU…

Despite a promising upward trajectory, global investment in renewables falls $677bn short of the $1,300 bn per year target. It’s #Time4Action to close the #InvestmentGap and reach #3xRenewables by #2030.
Read more on REN21 - Renewables Now's report: ren21.net/gsr-2024/

It’s #Time4Action to close the #InvestmentGap
A clean, secure, and just #EnergyTransition means equal opportunities for countries around the world to invest in their future by developing #renewables at home.
See REN21 - Renewables Now's latest report: ren21.net/reports/global…

👉🏽More effort is needed to boost energy efficiency and phase out fossil fuel subsidies - which stood at a record USD 1.3 trillion in 2023, shows #GSR2024 .

energy.economictimes.indiatimes.com/news/renewable…

📢 #GSR2024 shows how the renewables sector is being held back by a lack of investment in grid infrastructure, with an estimated 3,000 GW of projects being underdeveloped or unutilised.

reuters.com/sustainability…

Structural issues are stalling progress: 3,000 GW of renewable energy projects are underdeveloped or unutilised due to insufficient grids, finance issues, and permit delays – shows #GSR2024 .

Read here: ren21.net/gsr-2024/

📣 #GSR2024 shows how renewable energy projects are far costlier in developing countries!

👇🏽See below the glaring disparity in the cost of capital for renewable energy projects: <4% in high-income countries, >10% in low-income ones.

Read here: ren21.net/gsr-2024/

#GSR2024 shows the urgent need for finance to enable a just and equitable energy transition! 👇🏽

bloomberg.com/news/articles/…

Despite record #renewables added in 2023, we're falling short of #COP28 goals.

REN21 - Renewables Now flags financial barriers & high capital costs in developing nations as hurdles.

📣 Urgent attention is needed on renewable energy enablers: policies, permitting, and finance 💰. #GSR2024

#GSR2024 illustrates the renewables investment gap.

👉Investment in renewables surged 8.1% to reach USD 623 billion in 2023, but to meet COP28 and Paris Agreement targets, we need around USD 1350 billion yearly!

Read here: ren21.net/gsr-2024/

.REN21 - Renewables Now’s #GSR2024 finds we need to invest $1.3 trillion/yr in renewables this decade to limit warming to 1.5°C.

Our report on the tripling goal agrees – plus $650 billion/yr on grids and storage to support the roll-out (total of $2 trillion a year – double current investment).

✨473 GW of added renewable power capacity is great!

👉🏽BUT to stay on track for the 1.5C target, we need annual additions of 1000 GW.

Read more from the #GSR2024 report: ren21.net/gsr-2024/

🌞📄REN21 - Renewables Now 's new report sheds light on this disparity, and shows how we need to push for fast, equitable climate finance that prioritises poor countries and communities on the frontlines of the climate crisis.

Check it out.👇

x.com/REN21/status/1…