Nations around the world have also made tiny development in boosting energy efficiency, which remained largely unchanged at an advancement amount of two% final calendar year. The rate has to double to at the very least four% annually by means of 2030 so as to fulfill the COP28 target, IRENA mentioned.
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Additionally, it highlighted that money isn't flowing into all locations equally, with 84% of renewable ability investments last year concentrated in China, the EU plus the US by yourself.
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