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The COP28 pledge to triple up by 2030 and implications for geothermal

ThinkGeoEnergy

One of the biggest stories and most widely supported initiatives coming out of the 2023 UN Climate Change Conference (CO28) in Dubai, UAE is the pledge to triple the world’s installed renewable energy capacity by 2030 to limit global temperature rise to 1.5°C.

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IRENA: Global renewables capacity grows a record 9.6 per cent

Business Green

The agency's Renewable Capacity Statistics 2023 report yesterday revealed that 295GW of renewable power capacity was brought online in 2022, accounting for 83 per cent of all new power capacity added last year. Moreover, Oceania saw 5.2GW of new capacity come online and South America continued an upward trend with 18.2GW of capacity added.

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