This Renewable Energy Tracker is a positive and timely assessment of the state of the sector and its potential. Renewables are at the heart of our global efforts for an equitable energy transition. They are the primary solution on the supply side to scale global efforts to reduce greenhouse gases, especially in this decisive decade. It is with great optimism that we acknowledge renewables as the most cost-effective and viable pathway to achieving net-zero emissions by 2050. Their ability to generate electricity ‘at scale’ with markedly lower greenhouse gas emissions compared to traditional sources clears the way to break our long-standing fossil fuel dependencies. As we witness a reshaping of the global landscape of power generation, it is heartening to see renewables emerging as the fastest-growing technology in this domain. Their stellar growth is a testament to the collective effort and commitment of societies and governments worldwide. But our journey is far from complete. As members of global civil society, it is imperative that we continue to advocate for scaled-up action at pivotal forums such as COP28. At COP28, global leaders must bring not only their presence but also a deep-rooted political commitment to achieve both short- and long-term climate goals. Only with their cooperation and mutual agreement can we drive streamlined policies and regulations, enhance grid readiness, and unlock financial resources at a scale that propels the warp-speed expansion of renewable energy to meet the scientific and equity imperatives. COP28 is a pivotal moment. It's a chance to boost and consolidate national commitments for transforming respective energy sectors through renewable energy. This transformation ...
