Renewable Energy Goal Risks Falling Short Without More Money
Leaders at the Global Renewables Summit in New York called for a stronger push on unlocking more finance
Ursula von der Leyen, president of the European Commission, speaks during the COP28 climate conference in Dubai on Dec. 1, 2023.
Photographer: Hollie Adams/BloombergThe increasingly rapid deployment of renewables around the world is still not enough to meet global goals, according to a group of political and climate leaders speaking Tuesday at the Global Renewables Summit in New York.
Securing more private investments remains key to tripling global renewable energy capacity by 2030, a goal set by the consensus of nearly 200 countries at last year’s UN climate summit in Dubai. “It was one of the rare moments when the world was united as one,” said European Commission President Ursula von der Leyen, in her remarks on Tuesday. She called on leaders to “start aligning financial flows with the Paris Agreement.”