The China Mail - Over 110 countries support tripling renewables by 2030: EU chief

USD -
AED 3.672498
AFN 63.498607
ALL 82.78735
AMD 368.501999
ANG 1.790403
AOA 917.000233
ARS 1470.935397
AUD 1.448551
AWG 1.80125
AZN 1.694136
BAM 1.718856
BBD 2.018008
BDT 123.091796
BGN 1.69088
BHD 0.376982
BIF 2985
BMD 1
BND 1.297974
BOB 6.938524
BRL 5.200103
BSD 1.001973
BTN 94.864877
BWP 13.624819
BYN 2.814079
BYR 19600
BZD 2.015116
CAD 1.42222
CDF 2269.000131
CHF 0.810875
CLF 0.023222
CLP 913.970582
CNY 6.790496
CNH 6.802015
COP 3430.81
CRC 454.535468
CUC 1
CUP 26.5
CVE 97.375044
CZK 21.317505
DJF 177.719531
DKK 6.57855
DOP 58.550417
DZD 133.670989
EGP 49.723596
ERN 15
ETB 161.535521
EUR 0.88006
FJD 2.24575
FKP 0.754878
GBP 0.758185
GEL 2.645039
GGP 0.754878
GHS 11.22497
GIP 0.754878
GMD 72.50203
GNF 8774.99996
GTQ 7.644241
GYD 209.623413
HKD 7.840915
HNL 26.807458
HRK 6.626024
HTG 131.00145
HUF 313.018979
IDR 17955.45
ILS 2.99632
IMP 0.754878
INR 94.90525
IQD 1312.563167
IRR 1375050.000192
ISK 126.699631
JEP 0.754878
JMD 157.717811
JOD 0.709021
JPY 161.572007
KES 129.398478
KGS 87.449913
KHR 4010.000075
KMF 430.999912
KPW 900.00035
KRW 1537.540179
KWD 0.30898
KYD 0.834996
KZT 487.384102
LAK 22188.337654
LBP 89725.095575
LKR 335.228721
LRD 182.352683
LSL 16.522564
LTL 2.95274
LVL 0.60489
LYD 6.429642
MAD 9.377774
MDL 17.639408
MGA 4185.964758
MKD 54.189119
MMK 2099.387374
MNT 3579.000015
MOP 8.091488
MRU 39.79664
MUR 47.960034
MVR 15.460373
MWK 1737.391847
MXN 17.582298
MYR 4.144989
MZN 63.898816
NAD 16.522564
NGN 1370.503286
NIO 36.867777
NOK 9.82313
NPR 151.78296
NZD 1.769295
OMR 0.384528
PAB 1.001977
PEN 3.39166
PGK 4.394272
PHP 61.597039
PKR 278.668893
PLN 3.76925
PYG 6107.983882
QAR 3.652503
RON 4.615502
RSD 103.302995
RUB 74.501377
RWF 1469.343633
SAR 3.755291
SBD 8.065041
SCR 14.865013
SDG 600.500677
SEK 9.75682
SGD 1.29776
SHP 0.746601
SLE 24.749832
SLL 20969.503664
SOS 572.656446
SRD 37.482985
STD 20697.981008
STN 21.530796
SVC 8.767412
SYP 110.532098
SZL 16.517116
THB 33.385497
TJS 9.293141
TMT 3.51
TND 2.965857
TOP 2.40776
TRY 46.489702
TTD 6.803181
TWD 31.711016
TZS 2625.007993
UAH 44.976754
UGX 3667.442985
UYU 40.189832
UZS 12038.49365
VES 616.865275
VND 26331.5
VUV 118.758526
WST 2.756325
XAF 576.48558
XAG 0.016346
XAU 0.000246
XCD 2.70255
XCG 1.805774
XDR 0.716966
XOF 576.48558
XPF 104.811706
YER 238.649628
ZAR 16.591502
ZMK 9001.205488
ZMW 17.97425
ZWL 321.999592
  • CMSC

    -0.0500

    22.11

    -0.23%

  • RYCEF

    -0.4700

    18.16

    -2.59%

  • BCC

    -0.7400

    71.8

    -1.03%

  • RIO

    -3.7800

    95.58

    -3.95%

  • RBGPF

    0.9600

    61.3

    +1.57%

  • BTI

    1.8400

    60.74

    +3.03%

  • GSK

    1.3300

    52.07

    +2.55%

  • CMSD

    -0.1200

    21.96

    -0.55%

  • NGG

    0.6000

    81.57

    +0.74%

  • BCE

    0.3900

    23.04

    +1.69%

  • VOD

    -0.0700

    14.05

    -0.5%

  • JRI

    -0.0200

    12.63

    -0.16%

  • BP

    -0.4500

    39.33

    -1.14%

  • AZN

    4.5900

    181.02

    +2.54%

  • RELX

    0.3800

    31.21

    +1.22%

Over 110 countries support tripling renewables by 2030: EU chief
Over 110 countries support tripling renewables by 2030: EU chief / Photo: © AFP/File

Over 110 countries support tripling renewables by 2030: EU chief

More than 110 countries want the COP28 climate negotiations to adopt a goal of tripling renewable energy and doubling energy efficiency by 2030, European Commission President Ursula von der Leyen said Friday.

Text size:

The European Union first appealed for the new target earlier this year, and the cause has since been taken up by COP28 hosts the United Arab Emirates, then the G7 and G20 groups of nations.

G20 nations alone account for nearly 80 percent of global greenhouse gas emissions.

Von der Leyen told leaders at the UN climate talks in Dubai that it was "fantastic" that more than 110 nations had already embraced the goal.

"I call now on all of us to include these targets in the final COP decision, because this sends a strong message to investors and consumers alike," she said from the podium.

The discussions about the renewables goal are both separate but closely linked to far more difficult negotiations about whether a final COP28 deal will commit nations to phasing down -- or phasing out -- all fossil fuels.

In September, when G20 nations committed to "encourage efforts" towards tripling renewables capacity, their final statement remained silent about the future role played by fossil fuels, which account for the bulk of greenhouse gas emissions.

All credible pathways for achieving global carbon neutrality by mid-century depend on massively scaling up wind, solar, hydroelectric and other renewable energies such as biomass to displace the demand for planet-heating oil, gas and coal.

This is "the single most important lever" for reducing carbon pollution from burning fossil fuels, and capping warming under the Paris Agreement's ambitious threshold of 1.5 degrees Celsius compared with the pre-industrial period, the International Energy Agency (IEA) has said.

There has already been progress. Between 2015 and 2022, renewable capacity increased on average by 11 percent each year.

Against a backdrop of soaring oil prices and energy insecurity linked to the war in Ukraine, the IEA forecasts unprecedented growth of about 30 percent in 2023.

Not all countries will have to make the same efforts to slash emissions. Of the 57 nations analysed by the think tank Ember, more than half were on track to meet or exceed their 2030 targets.

But other large emitters such as Australia, Japan, South Korea and the United Arab Emirates still have plenty of room for improvement.

E.Lau--ThChM