The latest global climate assessment paints a complex picture: unprecedented growth in renewable energy alongside stubbornly persistent emissions that continue to warm the planet.

Renewable Energy Milestone

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For the first time in history, renewable energy sources now provide more than one-third of global electricity generation, a milestone that seemed decades away just ten years ago.

Renewable Energy Progress

As of December 2024
Global Share
35%of electricity
Solar Growth
+28%year-over-year
Wind Growth
+15%year-over-year
New Capacity
510 GWadded in 2024
Source: International Energy Agency
Solar installations have more than doubled in the past five years
Solar installations have more than doubled in the past five years

The Emissions Gap

Despite renewable energy gains, global carbon emissions declined only 2.1% in 2024—far short of the 7% annual reductions scientists say are needed to limit warming to 1.5°C.

Critical Warning
Current trajectories put the world on track for 2.7°C of warming by 2100, which scientists warn would trigger irreversible climate tipping points.

We're winning some battles but still losing the war. The math is unforgiving—we need to triple the pace of emissions reductions.

— Prof. Michael Torres, Stanford Climate Institute

Investment Surge

Global investment in clean energy technologies reached $1.8 trillion in 2024, outpacing fossil fuel investment for the first time.

Clean Energy Investment

As of 2024 Annual Report
Total Investment
$1.8 trillion
Solar
$420 billion
Wind
$310 billion
EVs & Batteries
$580 billion
Grid Infrastructure
$340 billion
Source: BloombergNEF
Positive Trend
Investment in clean energy has grown 40% over the past three years, signaling sustained commitment from both public and private sectors.

What Comes Next

The upcoming COP30 summit in Brazil will be critical for raising ambition. Countries are expected to submit new emissions targets, and pressure is mounting for binding enforcement mechanisms.

While the path to 1.5°C grows narrower each year, experts emphasize that every fraction of a degree matters—and that accelerated action now can still avert the worst outcomes.