Nov 11 2024 26 mins 4
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At the COP28 climate discussions in Dubai, the clean energy sector celebrated worldwide support for its double-down, triple-up campaign. The pledge saw governments commit to tripling renewables generation capacity and doubling the energy efficiency improvement rate by 2030.
On the eve of COP29, we can see how much has been achieved in the previous 12 months. The IEA’s Renewables 2024 report found that the world is set to install more than 5500 gigawatts (GW) of new renewable energy capacity between 2024 and 2030—almost three times the increase seen between 2017 and 2023.
Energy efficiency improvements, meanwhile, remain stubbornly slow.
Brandon Spencer, the president of ABB Motion, joins Energy Enablers to discuss the value of energy efficiency in terms of emission reductions but also in financial gains. The conversation touches on making the case for energy efficiency investments so uptake can accelerate towards that double-down target.
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