Setting 1.5°C-compatible wind and solar targets

At the UN Climate Convention COP28 in 2023, the world committed to tripling renewable capacity by 2030.

This represents a key action that governments can take to cut emissions in line with the 1.5°C warming limit. All countries are also called upon to submit new 2035 climate targets by early next year.
Providing ambitious targets, including for wind and solar rollout, can help turn the tripling goal into action and close the gap to 1.5°C, while also achieving universal electricity access by 2030.
To help guide national target setting, we have produced 1.5°C-compatible wind and solar benchmarks for 11 key countries, responsible for over 70% of global wind and solar deployment. As wind and solar will be the backbone of the energy transition, setting specific targets for them could become the defining policy action in global efforts to limit warming to 1.5°C.
Key findings:

On average, wind and solar capacity needs to grow five times by 2030, and eight times by 2035, to align with 1.5ºC.
To close the renewables capacity gap in 2030, countries need to install on average three times more wind and solar a year over 2023–2030 compared to the average pace achieved since 2020.
While solar grows faster than wind, wind provides more electricity than solar across the 11 countries until the mid-2030s. By 2050, solar provides around half of total electricity generation, and wind around a third.

There is no single way to translate global goals to the national level. A country’s wind and solar rollout depends on a range of factors, including forecast electricity demand, the pace of fossil phase-out needed, the availability of other renewable technologies like hydropower and geothermal, and the split between wind and solar. The benchmarks presented here offer one interpretation of global targets translated to the national level, drawing from both global and national evidence to capture the key factors mentioned above.

This is the summay of a report from NewClimate Institure and Climate Analytics that can be download here: https://ca1-clm.edcdn.com/publications/Setting-1.5%C2%B0C-compatible-win...