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Breadcrumbs
The G7 should set a goal to triple their renewable capacity
G7 members signed on to the pledge to triple renewable capacity at COP28. However, their collective targets would only deliver a doubling. This briefing shows what steps the G7 Ministerial Meeting on Climate, Energy and Environment should take to translate the high-level COP28 language into action.
Ember recommends for the G7:
- Set a goal to triple renewable capacity. The G7 should commit to a goal of tripling G7 renewable capacity from 0.9 TW in 2022 to 2.7 TW in 2030. The G7 should acknowledge there is a current ambition gap of 0.7 TW between current targets and a tripling goal. G7 countries should align their own renewables goal with the G7 tripling. This could be done at a technology level by building on last year’s announcement of solar and offshore wind goals for 2030 by adding an onshore wind goal as well. The current goal on solar will likely need to be raised, which could be supported by a battery goal to help integrate the large amount of solar targeted.
- Help to unlock renewable growth in emerging countries. The G7 also needs to commit to develop an action plan to support renewables development in emerging countries to bring to COP29, where this subject will likely be top of the agenda
Tripling renewables is the single largest action to cut emissions this decade and keep the 1.5C goal within reach. At the UN’s COP28 climate change conference in December, world leaders, including all G7 members, reached a historic agreement to triple global renewables capacity by 2030. We present analysis that shows a global tripling means a G7 tripling, and that the G7 is currently only targeting a doubling. We also show the steps the G7 should take to turn this into action.