{"id":134615,"date":"2024-10-14T09:20:52","date_gmt":"2024-10-14T06:20:52","guid":{"rendered":"https:\/\/tietopankki.crnet.fi\/fi\/news\/world-fails-first-review-of-cop-renewable-energy-goal\/"},"modified":"2024-10-14T09:20:52","modified_gmt":"2024-10-14T06:20:52","slug":"world-fails-first-review-of-cop-renewable-energy-goal","status":"publish","type":"post","link":"https:\/\/tietopankki.crnet.fi\/en\/news\/world-fails-first-review-of-cop-renewable-energy-goal\/","title":{"rendered":"World fails first review of COP renewable energy goal"},"content":{"rendered":"<div class=\"mp_wrapper\">\n  <div class=\"mepr-unauthorized-message\">\n    <p>You are unauthorized to view this page.<\/p>\n  <\/div>\n  <div class=\"mepr-login-form-wrap\">\n            \n<div class=\"mp_wrapper mp_login_form\">\n                  <!-- mp-login-form-start -->     <form name=\"mepr_loginform\" id=\"mepr_loginform\" class=\"mepr-form\" action=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/\" method=\"post\" data-trp-original-action=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/\">\n            <div class=\"mp-form-row mepr_username\">\n        <div class=\"mp-form-label\">\n                              <label for=\"user_login\">Username<\/label>\n        <\/div>\n        <input type=\"text\" name=\"log\" id=\"user_login\" value=\"\" \/>\n      <\/div>\n      <div class=\"mp-form-row mepr_password\">\n        <div class=\"mp-form-label\">\n          <label for=\"user_pass\">Password<\/label>\n          <div class=\"mp-hide-pw\">\n            <input type=\"password\" name=\"pwd\" id=\"user_pass\" value=\"\" \/>\n            <button type=\"button\" class=\"button mp-hide-pw hide-if-no-js\" data-toggle=\"0\" aria-label=\"Show password\">\n              <span class=\"dashicons dashicons-visibility\" aria-hidden=\"true\"><\/span>\n            <\/button>\n          <\/div>\n        <\/div>\n      <\/div>\n            <div>\n        <label><input name=\"rememberme\" type=\"checkbox\" id=\"rememberme\" value=\"forever\" \/> Remember Me<\/label>\n      <\/div>\n      <div class=\"mp-spacer\">&nbsp;<\/div>\n      <div class=\"submit\">\n        <input type=\"submit\" name=\"wp-submit\" id=\"wp-submit\" class=\"button-primary mepr-share-button\" value=\"Log In\" \/>\n        <input type=\"hidden\" name=\"redirect_to\" value=\"\/en\/wp-json\/wp\/v2\/posts\/134615\" \/>\n        <input type=\"hidden\" name=\"mepr_process_login_form\" value=\"true\" \/>\n        <input type=\"hidden\" name=\"mepr_is_login_page\" value=\"false\" \/>\n      <\/div>\n    <input type=\"hidden\" name=\"trp-form-language\" value=\"en\"\/><\/form>\n    <div class=\"mp-spacer\">&nbsp;<\/div>\n    <div class=\"mepr-login-actions\">\n        <a\n          href=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/?action=forgot_password\"\n          title=\"Click here to reset your password\"\n        >\n          Forgot Password        <\/a>\n    <\/div>\n\n      \n    <!-- mp-login-form-end --> \n  <\/div>\n      <\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<div class=\"smart_content_wrapper\">\n<p>A dramatic spending surge is needed to course correct, the International Renewable Energy Agency warned. Reaching the landmark renewable energy targets agreed at last year\u2019s global climate summit will remain a distant dream unless the world invests more than $30 trillion over the next six years. That\u2019s the stark warning the International Renewable Energy Agency (IRENA) delivered Friday at the final ministerial meeting ahead of next month\u2019s United Nations climate summit in Azerbaijan, known as COP29, where financing for climate action will take center stage.<\/p>\n<p>At last year\u2019s COP28 conference in Dubai, countries pledged to collectively triple the world\u2019s renewable energy capacity and double energy-saving efforts by 2030. The commitments were hailed as key to limiting global warming in line with the Paris Agreement. IRENA\u2019s first progress assessment, published Friday, gives the world a failing grade across the board. For the tripling target, the agency found that countries are on track for only half the renewable power growth required to meet the goal. Stronger policies, easier permitting and modernizing power grids are crucial to making up for the shortfall \u2014 as is a dramatic surge in investment, according to IRENA.<\/p>\n<p>Investment in renewables reached a record high of $570 billion last year, but what\u2019s needed is $1.5 trillion a year, IRENA says. And spending on energy-saving measures must increase seven-fold to reach the doubling target, from $323 million last year to $2.2 trillion annually. In total, reaching the twin COP28 targets requires a cumulative global investment of $31.5 trillion in renewables, grids, energy efficiency and related measures by 2030, according to IRENA.<\/p>\n<p>The findings are likely to bolster developing countries\u2019 push for a massive increase in financial support. IRENA\u2019s assessment comes just one month before the start of COP29, where countries are meant to agree on a new collective financial target to fund climate action \u2014 crucially, switching from fossil fuels to renewables \u2014 in developing countries.<\/p>\n<p>Some proposals to replace the current target of $100 billion a year reach up to $1.3 trillion. But developed countries and the European Union argue that any significant increase in public finance requires emerging economies like China to start chipping in, and that the majority of investments must come from the private sector, not national budgets.<\/p>\n<p>IRENA says a \u201cmajor scale-up\u201d in both public and private financing is required to increase the share of investment in developing countries. The vast majority of investment in renewables last year \u2014 84 percent \u2014 was channeled into the EU, China and the United States. India and Brazil accounted for around 6 percent; investments in Africa are minuscule and actually halved between 2022 and 2023. IRENA\u2019s progress assessment finds the world falling short on almost every measure, aside from solar power.<\/p>\n<p><a rel=\"noopener\" href=\"https:\/\/www.politico.eu\/article\/dramatic-spending-surge-needed-to-hit-clean-energy-goals-world-renewables-agency-warns\/\">Read more&gt;&gt;<\/a><\/p>\n<p>Source: <a rel=\"noopener\" href=\"https:\/\/www.politico.eu\/article\/dramatic-spending-surge-needed-to-hit-clean-energy-goals-world-renewables-agency-warns\/\">Politico<\/a><\/p>\n<\/div>\n<p>The post <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\/vaufien\/world-fails-first-review-of-cop-renewable-energy-goal\/\">World fails first review of COP renewable energy goal<\/a> appeared first on <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\">Vastuullisuusuutiset.fi<\/a>.<\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22],"tags":[16483,606,607,608,671],"class_list":["post-134615","post","type-post","status-publish","format-standard","hentry","category-news","tag-cop-renewable-energy-goal","tag-vau_viikkokatsaus","tag-vauen","tag-vaufien","tag-world"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts\/134615","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/comments?post=134615"}],"version-history":[{"count":0,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts\/134615\/revisions"}],"wp:attachment":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/media?parent=134615"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/categories?post=134615"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/tags?post=134615"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}