Changes in policies stunting renewable energy growth: IEA

Growth in renewable energy, a key part of efforts to limit dangerous climate change, is slowing down due to policy changes in the US and China, and will fall short of a key goal, the International Energy Agency (IEA) said on Oct 7.

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Only two years ago, the global community set the goal of tripling renewable energy output by 2030 to limit the rise in global temperatures, but the IEA said it will "fall short" of achieving that target.

In 2024, the Paris-based agency, which advises nations on energy, forecast that the world would come close to that target with the addition of 5,500 gigawatts of renewable power.

The IEA now sees only a 4,600 gigawatt gain, or 2.6 times the 2022 level, due to "policy, regulatory and market changes since October 2024", it said in its latest report.