The Breakthrough Agenda Report 2023 is an annual collaboration between the International Energy Agency (IEA), the International Renewable Energy Agency (IRENA), and the United Nations Climate Change High-Level Champions.
Renewable energy constituted nearly half of global power generation in 2022.
But it emphasized that this pace must triple by 2030 to maintain a 1.5°C target.
The power sector accounts for around 13 Gt CO2e, or 23% of total emissions.
This has risen by around 10% since 2010.
These need to fall by over 50% by 2030.
The average levelized cost of electricity has fallen by 86% for solar PV and 60% for wind since 2010.
By 2030, 11 TW of renewable generating capacity is required, up from less than 4 TW today.
Agriculture emissions continue to increase to 7.3 GtCO2 in 2022.
They need to fall to 5.7 GtCO2 to get on track for net zero.