Renewables2023Analysis and forecast to 2028The IEA examines the full spectrum of energy issues including oil, gas and coal supply and demand, renewable energy technologies, electricity markets, energy efficiency, access to energy, demand side management and much more. Through its work, the IEA advocates policies that will enhance the reliability, affordability and sustainability of energy in its 31 member countries, 13 association countries and beyond.This publication and any map included herein are without prejudice to the status of or sovereignty over any territory, to the delimitation of international frontiers and boundaries and to the name of any territory, city or area.Source: IEA. International Energy Agency Website: www.iea.orgIEA member countries: AustraliaAustriaBelgiumCanadaCzech RepublicDenmarkEstoniaFinlandFranceGermanyGreeceHungaryIrelandItalyJapanKoreaLithuaniaLuxembourgMexicoNetherlandsNew ZealandNorwayPolandPortugalSlovak RepublicSpainSwedenSwitzerlandRepublic of TürkiyeUnited KingdomUnited StatesThe European Commission also participates in the work of the IEAIEA association countries:Argentina BrazilChinaEgyptIndiaIndonesiaKenyaMoroccoSenegalSingapore South Africa Thailand UkraineINTERNATIONAL ENERGYAGENCYRenewables 2023 Abstract Analysis and forecasts to 2028 PAGE | 3 IEA. CC BY 4.0. Abstract Renewables 2023 is the IEA’s primary analysis on the sector, based on current policies and market developments. It forecasts the deployment of renewable energy technologies in electricity, transport and heat to 2028 while also exploring key challenges to the industry and identifying barriers to faster growth. At the COP28 climate change conference in Dubai, more than 130 national governments including the European Union agreed to work together to triple the world’s installed renewable energy capacity to at least 11 000 GW by 2030. Renewables 2023 provides detailed country-level analysis on the progress towards the global tripling target. Alongside the report, an online dashboard is also available, which maps all the relevant data to measure renewable energy deployment through 2028. In addition to its detailed market analysis and forecasts, Renewables 2023 also examines key developments for the sector including policy trends driving deployment; solar PV manufacturing; competitiveness of renewable technologies; energy storage; renewable energy capacity for hydrogen production; the prospects for renewable energy companies; system integration and a special section on biogas and biomethane forecast. Renewables 2023 Acknowledgements Analysis and forecasts to 2028 PAGE | 4 IEA. CC BY 4.0. Acknowledgements, contributors and credits This study was prepared by the Renewable Energy Division in the Directorate of Energy Markets and Security. It was designed and directed by Heymi Bahar, Senior Analyst. The report benefited from analysis, drafting and input from multiple colleagues. The lead authors...
