At the end of the COP28 conference, which was organized by the UN and held in Dubai last month, almost 200 countries signed onto the world’s first-ever call to move away from fossil fuels.

“The amount of renewable energy capacity added to energy systems around the world grew by 50% in 2023, reaching almost 510 gigawatts, with solar PV accounting for three-quarters of additions worldwide,” the energy watchdog said in a statement.

IEA chief Fatih Birol said the report showed that “under current policies and market conditions, global renewable capacity is already on course to increase by two-and-a-half times by 2030.” “It’s not enough yet to reach the COP28 goal of tripling renewables, but we’re moving closer – and governments have the tools needed to close the gap,” he added.