YEARS

Progressto Action

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About IRENAThe International Renewable Energy Agency (IRENA) is the intergovernmental organisation that serves as the principal platform for co-operation, a centre of excellence, a repository of policy, technology, resource and financial knowledge, and a driver of action on the ground to advance the transformation of the global energy system. IRENA promotes the widespread adoption and sustainable use of all forms of renewable energy, including bioenergy, geothermal, hydropower, ocean, solar and wind energy, in the pursuit of sustainable development, energy access, energy security and low-carbon economic growth and prosperity.

www.irena.org

Available for download: www.irena.org/publications

For further information or to provide feedback: info@irena.org

ISBN 978-92-9260-191-1 10

The world has undergone dramatic change over the last decade.

Growing populations have increased global energy demand, the

urgency of addressing climate change has intensified, and sustainable

development has moved into sharp focus.

In response, renewable energy has advanced from the margins to

the centre ground of global energy and development policy. This

mainstreaming has made renewables the world’s primary source of

new power capacity, outpacing all other forms of new generation put

together for the last seven years.

Yet the deployment of renewables must accelerate considerably

to meet development goals in the new decade. Universal energy

access, sustainable economic growth and gender equality should all

be a reality by 2030. Renewables contribute across the sustainable

development spectrum.

10 Years: Progress to Action charts recent global advances and

outlines the measures still needed to scale up renewables, achieve

sustainable development and meet key climate goals set by the

United Nations for the next ten years.

The solutions are affordable, readily available and deployable at scale.

It is possible to achieve sustainable development and climate goals,

but only through a decade of unprecedented ambition and decisive

action.

THAT DECADE OF ACTION STARTS NOW.

YEARS

Progressto Action

Progress to Action

Published for the 10th annual Assembly of the International Renewable Energy Agency (IRENA), January 2020

4

2019

Total installed capacity 2018

New power generation

capacity

39%62%

2009

2018

2009

200+ large companies commited 100% renewable electricity

1 140 GW

2 360 GW

2017

Renewables

Share of electricity in total energy

consumption

~30%

57%

26%

2019

2030

renewables

could coverRenewables

Global power supply

2019 203020%

Renewables must grow four times faster*

*Under IRENA’s scenario

x4Pathway to climate safety andsustainable developmentby 2030

Learn more:

Renewables have become the world’s main source of new power generation capacity

DECADE OF PROGRESS

5

2019

Total installed capacity 2018

New power generation

capacity

39%62%

2009

2018

2009

200+ large companies commited 100% renewable electricity

1 140 GW

2 360 GW

2017

Renewables

Share of electricity in total energy

consumption

~30%

57%

26%

2019

2030

renewables

could coverRenewables

Global power supply

2019 203020%

Renewables must grow four times faster*

*Under IRENA’s scenario

x4Pathway to climate safety andsustainable developmentby 2030

Renewable capacity can become the world’s primary source of power generation

DECADE OF ACTION

Learn more:

6

CountriesCities Regions

100% renewable target commitmentTODAY

105NDCs

Paris Agreement:

First national climate pledges (NDCs)

of pledges (NDCs) set targets for renewables

2009

2019

2015

Renewable

targets

50+

67%

Final energy consumption

Powergeneration

2019

2030

2030

Holding the line on global

temperature rise

Renewables in NDCs

Fossil-fueluse

57%Renewables

7.7TWglobal installed

capacity

2.4 TWglobal installed

capacity

29%Renewableelectricity

20%

Renewables are now central to national policies

DECADE OF PROGRESS

Learn more:

7

Final energy consumption

Powergeneration

2019

2030

2030

Holding the line on global

temperature rise

Renewables in NDCs

Fossil-fueluse

57%Renewables

7.7TWglobal installed

capacity

2.4 TWglobal installed

capacity

29%Renewableelectricity

20%

Renewables must grow to meet climate goals

DECADE OF ACTION

8

2010

2019

Solar PV Onshore wind

USD ~52 MWh

Competitive

USD 371 MWh

87% 46%USD ~47 MWh

USD 84 MWh

within the fossil-fuel cost range

Solar PV

0.05 0.10 0.15 USD/kWh

Global average

Onshore wind

2 840 GW 2 015 GW

Falling costs will drive renewables growth

USD 34-40 MWh

Solar PV

Wind

USD 30-40 MWh

Solar PV Wind

Solar PV electricity costs Onshore wind costs

of global power needs

1/3

by 2030could cover

Global installed capacity

2030

over

Renewable power generation increasingly competes head-to-head with fossil fuels

DECADE OF PROGRESS

9

2 840 GW 2 015 GW

Falling costs will drive renewables growth

USD 34-40 MWh

Solar PV

Wind

USD 30-40 MWh

Solar PV Wind

Solar PV electricity costs Onshore wind costs

of global power needs

1/3

by 2030could cover

Global installed capacity

2030

over

Renewable power could become the most competitive option based on costs alone

DECADE OF ACTION

Learn more:

10

2018

fossil-fuel investmentsmust be redirected

USD 10 trillion

329 billion

USD

2030

737billion

USD

+ USD 10.3 trillionscaling-up total investments

60%

Global energy transformation

until 2030

Annualrenewable energy investment

total renewable energy investments

until 2030

2010

2019

Renewable energy investment

Annual investment

trillion

USD 3

$$$

329USD

billion

financed by private sector

Public sector financing mechanisms behind feed-in taris add substantial,

yet indirect financial volumes.

*

2018 90%

The world has invested USD 3 trillionin renewables in 10 years

DECADE OF PROGRESS

11

2018

fossil-fuel investmentsmust be redirected

USD 10 trillion

329 billion

USD

2030

737billion

USD

+ USD 10.3 trillionscaling-up total investments

60%

Global energy transformation

until 2030

Annualrenewable energy investment

total renewable energy investments

until 2030

2010

2019

Renewable energy investment

Annual investment

trillion

USD 3

$$$

329USD

billion

financed by private sector

Public sector financing mechanisms behind feed-in taris add substantial,

yet indirect financial volumes.

*

2018 90%

Annual investments in renewables must double by 2030 to ensure a sustainable future

DECADE OF ACTION

Learn more:

12

2009

Job growth4-5x

11 millionpeople

Jobs in renewable energy

2019

Women inrenewable energyWomen in

oil and gas

32%

22%

Liquid biofuels

Solar PV Wind

Hydropower

Jobs in renewable energy

30 millionpeople

2030

Solar Wind

million people11.7

million people3.52030

million people4.4

million people1.12019

Renewables create growing numbers of jobs across many sectors of the economy

DECADE OF PROGRESS

Learn more:

13

2009

Job growth4-5x

11 millionpeople

Jobs in renewable energy

2019

Women inrenewable energyWomen in

oil and gas

32%

22%

Liquid biofuels

Solar PV Wind

Hydropower

Jobs in renewable energy

30 millionpeople

2030

Solar Wind

million people11.7

million people3.52030

million people4.4

million people1.12019

The global energy transformation means net gains in job creation

DECADE OF ACTION

14

150millionpeople

O�-gridrenewables

Electricity

1 billionpeople without

access to electricity

Empowering people

EducationIncome

Healthcare Welfare

Water-food quality

2019

from renewableenergy sources60%

will benefitmillions of people

of new electricy access

Stand-alone and mini-grid systems will provide the means for almost half of new access

Improved agriculture

Clean cooling

Clean cooking

Stoppingdesertification

Safe water

2030

O�-grid renewables

Off-grid renewables have emerged as a key solution to expand energy access

DECADE OF PROGRESS

Learn more:

15

150millionpeople

O�-gridrenewables

Electricity

1 billionpeople without

access to electricity

Empowering people

EducationIncome

Healthcare Welfare

Water-food quality

2019

from renewableenergy sources60%

will benefitmillions of people

of new electricy access

Stand-alone and mini-grid systems will provide the means for almost half of new access

Improved agriculture

Clean cooling

Clean cooking

Stoppingdesertification

Safe water

2030

O�-grid renewables

Off-grid renewables will help reduce the world’s energy access gap

DECADE OF ACTION

16

Batteries80% reduction in

Li-on batteries cost

Electric vehicles

2009

500 000EVs

EVs

>6million

0.1 GWInstalled capacity

2019

>1.2 GWGrid scale

2017 first floating wind farm 30 MW

O�shore windGeneration

2 GWInstalled capacity

EVs

Installed capacity

Installed capacity

25 GWO�shore wind

Consumer to prosumer

Total capacity

>200 GW of distributed solar

applications (rooftop)

Grid Scale

Electric vehicles

157 million

Batteries

installed capacity

Up to

180 GWh

54-61%Li-on batteries cost

O�shore wind

global installed capacity228 GW

by 2030

Solar PV rooftop systems

1000 GW

Consumer to prosumerGeneration

Floating solar

potential400 GW

Hydrogencould cover 8% of global energy

consumption by 2050

2030

Innovation has paved the way for cost-effective uptake of renewables

DECADE OF PROGRESS

17

Batteries80% reduction in

Li-on batteries cost

Electric vehicles

2009

500 000EVs

EVs

>6million

0.1 GWInstalled capacity

2019

>1.2 GWGrid scale

2017 first floating wind farm 30 MW

O�shore windGeneration

2 GWInstalled capacity

EVs

Installed capacity

Installed capacity

25 GWO�shore wind

Consumer to prosumer

Total capacity

>200 GW of distributed solar

applications (rooftop)

Grid Scale

Electric vehicles

157 million

Batteries

installed capacity

Up to

180 GWh

54-61%Li-on batteries cost

O�shore wind

global installed capacity228 GW

by 2030

Solar PV rooftop systems

1000 GW

Consumer to prosumerGeneration

Floating solar

potential400 GW

Hydrogencould cover 8% of global energy

consumption by 2050

2030

Innovation will accelerate the global energy transformation

DECADE OF ACTION

Learn more:

“We have entered the decade of renewable

energy action — a period in which the energy

system will transform at unparalleled speed.

“IRENA’s role in advancing this low-carbon

future will further promote knowledge

exchange, strengthen partnerships and work

with all stakeholders, from private sector

leaders to policy makers, to catalyse action on

the ground. We are engaging with countries

and regions worldwide to facilitate renewable

energy projects and unlock investment.

“Renewables can ensure a climate-safe and

sustainable future. It’s possible.”

Francesco La Camera

Director-General, IRENA

YEARS

Progressto Action

Progress to Action

YEARS

Progressto Action