IRENA - World energy transitions outlook 2023

The World Energy Transitions Outlook 2023 is a comprehensive report published by the International Renewable Energy Agency (IRENA) that provides insights and recommendations for accelerating the deployment of renewable energy and achieving sustainable development. The report highlights the urgent need to transition to a sustainable energy system to achieve the goals of the Paris Agreement and sustainable development. Renewable energy is the key to this transition, but progress has been limited and concentrated in a few countries and regions. The report identifies entrenched barriers from the fossil-fuel era that continue to hamper progress, including policy and regulatory frameworks, institutional capacities, and infrastructure. Overcoming these barriers requires building necessary infrastructure, advancing policy and regulatory frameworks, and strategically realigning institutional capacities. The report provides insights and recommendations for accelerating the deployment of renewable energy, including in the power, transport, and industry sectors. The report also highlights the importance of energy access and equity, and the need to ensure a just transition for all stakeholders. The share of renewable energy in the global energy mix would increase from 16% in 2020 to 77% by 2050 in IRENA’s 1.5°C scenario. The report emphasizes the need for urgent action and collaboration among all stakeholders to achieve a sustainable energy system and a better future for all.