Samora Levy

Business voices have expressed overwhelming support for the transition to renewable electricity. They have backed moving away from fossil fuels and are calling on governments to remove the barriers to achieving a rapid transition. Business leaders globally recognise that energy security, economic growth, and long-term competitiveness depend on a renewables based power system.

Tripling global renewable energy capacity by 2030 is a critical milestone in the energy transition. Pace and ambition must be increased. Governments need to send clear signals on ambitious national renewable goals and plan their delivery. Tripling renewable energy at country level may not be possible for all developing countries. Developed nations must up their domestic ambition and increase support to developing countries to enable them to maximise their renewable energy potential.

The global coal landscape has been in transformation for almost a decade, marked by a collapse in the amount of planned coal power plants. Coal power is at the edge of a precipice, facing political and civil opposition and increasingly uncompetitive economics.