World Energy Transitions Outlook 2024

<!doctype html> <html lang="en"> <head> <meta charset="utf-8"> <meta name="viewport" content="width=device-width, initial-scale=1, viewport-fit=cover"> <title>World Energy Transitions Outlook 2024</title> <meta property="og:title" content="World Energy Transitions Outlook 2024"> <meta name="logo" href="/-/media/Examples/Irena/Images/Navigation/IRENA_logo.svg" /> <meta name="keywords" content="IRENA, IRENA publications, renewable energy, energy transition, Paris Agreement, climate change, technology and innovation, carbon management, decarbonisation, SDG7, policies, socio-economic impact, financial markets, renewable power, direct supply, electrification, energy efficiency, green hydrogen, bioenergy, biomass, carbon capture and storage (BECCS), innovative solutions, investment, cost, payback, adjustments in capital flows, reorientation of investments, renewable energy jobs, holistic global policy framework, just transition, critical materials, energy access" /> <meta name="description" content="IRENA’s 1.5°C Scenario, set out in the World Energy Transitions Outlook, presents a pathway to achieve the 1.5°C target by 2050, positioning electrification and efficiency as key transition drivers, enabled by renewable energy, clean hydrogen and sustainable biomass." /> <meta property="og:image" content="https://www.irena.org/-/media/Images/IRENA/Agency/Publication/2024/Nov/WETO-2024-cover.jpg"> <meta name="twitter:card" content="summary_large_image"> <meta name="twitter:image" content="https://www.irena.org/-/media/Images/IRENA/Agency/Publication/2024/Nov/WETO-2024-cover.jpg"> <link rel="manifest" href="/assets/static/site.webmanifest"> <link rel="mask-icon" href="/assets/static/safari-pinned-tab.svg" color="#dd082b"> <meta name="msapplication-TileColor" content="#ffffff"> <meta name="theme-color" content="#ffffff"> <meta name="msapplication-config" content="/assets/static/browserconfig.json" /> <script>(function(w,d,s,l,i){w[l]=w[l]||[];w[l].push({'gtm.start': new Date().getTime(),event:'gtm.js'});var f=d.getElementsByTagName(s)[0], j=d.createElement(s),dl=l!='dataLayer'?'&l='+l:'';j.async=true;j.src= 'https://www.googletagmanager.com/gtm.js?id='+i+dl;f.parentNode.insertBefore(j,f); })(window,document,'script','dataLayer','GTM-PR8BPS9');</script> <link rel="preload" href="/assets/fonts/Graphik/Graphik-Light.woff2" as="font" crossorigin="anonymous" /> <link rel="preload" href="/assets/fonts/Graphik/Graphik-Semibold.woff2" as="font" crossorigin="anonymous" /> <link rel="preload" href="/assets/fonts/Graphik/Graphik-Bold.woff2" as="font" crossorigin="anonymous" /> <link rel="stylesheet" href="/assets/styles/default.css?v=37162478"> <link rel="stylesheet" href="/assets/styles/print.css?v=37162478" media="print"> <script> var IR_APP_CFG = { global: { errorMsg: 'An error occurred. 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<h2 class="Heading__text "> ENERGY TRANSITION </h2> </div> <ul class="m-Header__sublist "> <li> <a href="/Energy-Transition/Outlook" class="m-Header__sublink" >Outlook</a> </li> <li> <a href="/Energy-Transition/Partnerships" class="m-Header__sublink" >Partnerships</a> </li> <li> <a href="/Energy-Transition/Policy" class="m-Header__sublink" >Policy</a> </li> <li> <a href="/Energy-Transition/Technology" class="m-Header__sublink" >Technology</a> </li> <li> <a href="/Energy-Transition/Socio-economic-impact" class="m-Header__sublink" title="Scio-economic impact" >Socio-economic impact</a> </li> <li> <a href="/Energy-Transition/Country-engagement" class="m-Header__sublink" >Country engagement</a> </li> <li> <a href="/Energy-Transition/Project-Facilitation" class="m-Header__sublink" >Project Facilitation</a> </li> <li> <a href="/Energy-Transition/Planning" class="m-Header__sublink" >Planning</a> </li> <li> <a href="/Energy-Transition/Innovation" class="m-Header__sublink" >Innovation</a> </li> 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1.5°C target by 2050, positioning electrification and efficiency as key transition drivers, enabled by renewable energy, clean hydrogen and sustainable biomass.","type":"publication","intType":"publication","storedDate":"2024-11-26T22:20:11.7077595+00:00","id":"41696a6e55714f42b0316abd0892a473","dsid":"41696a6e55714f42b0316abd0892a473","title":"World Energy Transitions Outlook 2024","pgid":"41696a6e55714f42b0316abd0892a473","url":"https://www.irena.org/Publications/2024/Nov/World-Energy-Transitions-Outlook-2024"}"> <span class="icon icon--clipboard" aria-hidden="true"> <svg><use xlink:href="/assets/icons/sharing.svg#sharing-clipboard"></use></svg> </span> </button> </li> <li> <button class="c-Sharing__link" data-sharing-type="cite"> <span class="icon" aria-hidden="true"> <svg><use xlink:href="/assets/icons/sharing.svg#sharing-cite"/></svg> </span> </button> <div class="is--hide" data-sharing-tooltip="cite"> <h4 class="colorTxt--13">IRENA (2024), World Energy Transitions Outlook 2024: 1.5°C Pathway, International Renewable Energy Agency, Abu Dhabi.</h4> <p> <button class="c-Button " data-jscomponent="Button" data-sharing-type="copy" data-copy="IRENA (2024), World Energy Transitions Outlook 2024: 1.5°C Pathway, International Renewable Energy Agency, Abu Dhabi."> <span class="icon" aria-hidden="true"> <svg><use xlink:href="/assets/icons/socials.svg#socials-copy"/></svg> </span> <span class="c-Button__label">Copy citation</span> </button> <span class="is--hide"> Copied</span></p> <br> <h4 class="colorTxt--13">https://www.irena.org/-/media/Files/IRENA/Agency/Publication/2024/Nov/IRENA_World_energy_transitions_outlook_2024.pdf</h4> <p> <button class="c-Button " data-jscomponent="Button" data-sharing-type="copy" data-copy="https://www.irena.org/-/media/Files/IRENA/Agency/Publication/2024/Nov/IRENA_World_energy_transitions_outlook_2024.pdf" > <span class="icon" aria-hidden="true"> <svg><use xlink:href="/assets/icons/socials.svg#socials-copy"/></svg> </span> <span class="c-Button__label">Copy url</span> </button> <span class="is--hide"> Copied</span></p> </div> </li> </ul> </div> </div> <h1 class="m-TopHeader__heading"> World Energy Transitions Outlook 2024 </h1> <div class="m-TopHeader__description"> IRENA’s 1.5°C Scenario, set out in the World Energy Transitions Outlook, presents a pathway to achieve the 1.5°C target by 2050, positioning electrification and efficiency as key transition drivers, enabled by renewable energy, clean hydrogen and sustainable biomass. </div> <div class="m-TopHeader__footer"> <div class="m-TopHeader__footerLeft"> <span class="m-TopHeader__isbn">ISBN: 978-92-9260-634-3</span> <time class="m-TopHeader__date" datetime="2024-11-07">November 2024</time> </div> </div> </div> <ul class="m-TopHeader__features"> <li> <a href="/-/media/Files/IRENA/Agency/Publication/2024/Nov/IRENA_World_energy_transitions_outlook_2024_Summary.pdf" class="m-TopHeader__feature" rel="noopener noreferrer" target="_blank" > <span class="icon" aria-hidden="true"> <svg><use xlink:href="/assets/icons/topheader.svg#topheader-copy" /></svg> </span> Executive Summary</a> </li> </ul> </div> <div class="m-Breadcrumbs "> <div class="c-Breadcrumbs"> <nav class="c-Breadcrumbs__wrapper" aria-label="Navigation path"> <ol class="c-Breadcrumbs__list" itemscope="itemscope" itemtype="https://schema.org/BreadcrumbList"> <li itemprop="itemListElement" itemscope="itemscope" itemtype="https://schema.org/ListItem"> <a class="c-Breadcrumbs__link" itemprop="item" href="/"> <span itemprop="name">Home</span></a> <meta itemprop="position" content="1"/> <span class="c-Breadcrumbs__separator">></span> </li> <li itemprop="itemListElement" itemscope="itemscope" itemtype="https://schema.org/ListItem"> <a class="c-Breadcrumbs__link" itemprop="item" href="/Publications"> <span itemprop="name">Publications</span></a> <meta itemprop="position" content="2"/> <span class="c-Breadcrumbs__separator">></span> </li> <li itemprop="itemListElement" 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class="Heading "> <h4 class="Heading__text "> Newsletter </h4> </div> <form class="m-NewsletterSmallForm__form" action="/subscriptionform" method="post"> <input type="text" name="EmailId" class="m-NewsletterSmallForm__input" data-newslettersmallform-input="" placeholder="Enter e-mail address" aria-label="Subscribe" /> <button type="submit" class="m-NewsletterSmallForm__btn" data-newslettersmallform-submit="" disabled="">Go</button> </form> </div> </div> <div class="l-grid__m--10 "> <div class="l-grid__row"> <div class="l-grid10__m--8 l-grid10__m__offset--1 " id="m1fcc9fb2a97c4f06b8dabb226c0f8ce5">  <div class="m-RichText " data-jsmodule="RichText">  <div class="c-RichText " data-jscomponent="RichText"> <p>Despite the commitments made at COP28 in Dubai in 2023 – including the call on parties to triple renewable power capacity and double the rate of energy efficiency improvement by 2030 – and new initiatives from both the G20 and G7, the energy transition remains off track. Fossil fuels continue to dominate the energy mix in major economies, and each year the chances of meeting the goals of the Paris Agreement become increasingly remote.</p> <p>The success achieved this decade in reducing greenhouse gas emissions will determine whether global temperature rise can be limited to 1.5<sup>°</sup>C of pre-industrial levels this century. IRENA’s 1.5°C Scenario, set out in the <em><a rel="noopener noreferrer" href="https://www.irena.org/Publications/2023/Jun/World-Energy-Transitions-Outlook-2023" target="_blank">World Energy Transitions Outlook</a></em>, presents a pathway to achieve the 1.5<sup>°</sup>C target by 2050, positioning electrification and efficiency as key transition drivers, enabled by renewable energy, clean hydrogen and sustainable biomass.</p> <p>The 2024 Outlook provides an overview of progress by tracking implementation and gaps across all energy sectors, and identifies priority areas and actions based on available technologies that must be realised by 2030 to achieve net zero emissions by mid-century.</p> <p>The report identifies three key pillars that form the foundations for the actions needed to realign the global energy transition with climate objectives: building the necessary infrastructure; advancing a policy and regulatory architecture that can facilitate targeted investments, and improve socio-economic and environmental outcomes; and the strategic realignment of institutional capacities to help ensure that skills and capabilities match an energy system that integrates a high share of renewables.</p> </div>  </div>  </div> <div class="l-grid10__m--9 l-grid10__m__offset--1 " id="m23c513bd1cac4b71aa6ce23be05a8290"> <div class="m-BoxRelatedContent " data-jsmodule="BoxRelatedContent" data-boxrelatedcontent-space=""> <div class="swiper-container"> <div class="Heading m-BoxRelatedContent__heading Heading--border" id="m9b55d884c2ea4d23aaf13929e0b8456c"> <h2 class="Heading__text"> Related content </h2> </div> <div class="swiper-navigation is--hide"> <button class="icon icon--swiper swiper-button-prev"> <svg> <use xlink:href="/assets/icons/arrows.svg#arrows-swiper"/> </svg> </button> <button class="icon icon--swiper swiper-button-next"> <svg> <use xlink:href="/assets/icons/arrows.svg#arrows-swiper"/> </svg> </button> </div> <ul class="swiper-wrapper" data-slides-mobile="" 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