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Global renewables see record growth
The International Renewable Energy Agency report shows that the global renewable energy generation capacity experienced a record-breaking growth in 2023, adding 693 gigawatts—equivalent to half of the United States' total electricity generation capacity. The report emphasizes that this growth reflects the increasing strength of the market and ongoing support for the transition to clean energy. However, the world still needs to double its current capacity of 5.15 terawatts three times over to achieve the goal of tripling renewable energy capacity by 2030, a target agreed upon by countries during the COP28 conference.
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