Renewable Energies ‘Break Records’, but Investments of 1.4 Trillion per Year Are Needed by 2025-2030, as Agreed at Cop28

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Renewable energies are going through a historic moment: in 2024 they reached record levels of installed capacity growth, driven by the expansion of solar and wind energy, the reduction of clean technologies and the international commitment to decarbonize the economy. However, according to the commitments made at COP28, the world will have to triple global renewable capacity by 2030, requiring annual investments of at least $1.4 trillion between …