World Renewable Energy Capacity Hits Record, But Pace Still Lags 2030 Targets
Global renewable energy capacity additions reached a record 582 GW in 2024, yet a new IRENA report warns this falls short of the pace needed to triple renewables to 11.2 TW by 2030, as set by the COP28 UAE Consensus[1]. The report calls for urgent investment in grids, supply chains, and clean-tech manufacturing to accelerate deployment and keep the 1.5°C climate goal within reach[1].
Solar and Wind Meet All Global Electricity Demand Growth, Overtaking Coal
Solar and wind generation outpaced global electricity demand growth in the first half of 2025, resulting in a slight decline in coal and fossil fuel generation[5]. Renewables have overtaken coal for the first time, with solar power up 33% year-on-year and wind up 7%, meeting 83% of the global increase in electricity demand[2].
U.S. Clean Energy Sector Hit by $24 Billion in Scrapped Projects and 21,000 Job Losses
In 2025, more than $24 billion in U.S. clean energy investments have been cancelled, leading to the loss of 21,000 jobs, according to industry analysis[8]. Policy uncertainty and regulatory changes have contributed to the termination of hundreds of projects, raising concerns about the pace of the U.S. energy transition[6].
Superhot Rock Geothermal Emerges as Next-Generation Clean Firm Power
Superhot rock geothermal technology is gaining traction as a promising source of clean, firm electricity, with recent research suggesting it could supply up to 20% of U.S. power generation by 2050[4]. Early-stage cost reductions and supportive policies are seen as critical for scaling the technology beyond initial deployments in the western United States[4].
Green Mini-Grid Investment Facility Launched in Sierra Leone
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