Renewables 2024 - Analysis and Forecast to 2030

Type: White Paper
Categories: Distributed Generation, Regulation, Sourcing Renewables
Date Published: 11/4/2024
Source: International Energy Agency (IEA)

The 2024 edition of the International Energy Agency’s (IEA) annual Renewables market report provides forecasts for deploying renewable energy technologies in electricity, transport and heat to 2030, while also exploring key challenges facing the industry and identifying barriers preventing faster growth.  

At the COP28 UN Climate Change Conference in December, governments agreed to work together to triple the world’s installed renewable energy capacity by 2030. Renewables 2024 offers a comprehensive country-level analysis on tracking progress towards the global tripling target based on current policies and market developments. Additionally, it assesses the challenges to faster expansion.  

For the first time, the report features a special chapter on renewable fuels, including bioenergy, biogases, hydrogen, and e-fuels. It forecasts their role in global energy demand by 2030 and their potential for decarbonizing the industry, building, and transport sectors. 

Download this report to explore its detailed market analysis and forecasts, as well as key developments for the sector, including policy trends driving deployment, solar PV and wind manufacturing, the costs of renewable technologies, electrolyzer and renewable capacity for hydrogen production, prospects for renewable energy companies, and system integration of renewables, along with grid connection queues: 

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