At the COP28 UN Climate Change Conference in December 2023, governments agreed to work together to triple the world’s installed renewable energy capacity by 2030. According to the latest IEA assessment, renewables are set to generate nearly half of global electricity by the end of the decade, but the current growth trajectory is not fully in line with the UN goal to triple capacity.

In this week’s podcast, Ehsan Khoman, Head of Research – Commodities, ESG and Emerging Markets (EMEA), examines the IEA’s various scenarios and highlights two critical factors that are set to drive the global renewables expansion for the remainder of this decade.