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For instance, the report notes that even the world’s most ambitious climate targets will fall short of the plan to triple global renewable power capacity by 2030, a target set by the world’s governments at the COP28 climate summit in 2023. The most ambitious national targets will see 9,513GW of new solar capacity deployed by the end of the decade, while Ember notes that meeting the UN targets would require the addition of 11,000GW.

Should the world deploy the 3,837GW of “spare” capacity, however, the world will meet the UN renewable power targets as early as 2029, and be on track to deploy a massive 13,345GW of solar capacity by 2030, exceeding the UN target by 21%.