Renewables 2023 is the IEA's main analysis on the sector, based on current policy and market developments. It forecasts the deployment of renewable energy technologies in electricity, transport and heat until 2028, while also examining key challenges facing the industry and identifying barriers to faster growth.
At the COP28 climate change conference in Dubai, more than 130 national governments, including the European Union, agreed to work together to triple the world's installed renewable energy capacity to at least 2030 GW by 11.000. Renewables 2023 provides detailed country-level analysis of progress towards the global tripling target. In addition to the report, an online dashboard is also available, which maps all relevant data to measure the use of renewable energy until 2028.
In addition to the detailed market analysis and forecasts, Renewables 2023 also examines key developments for the sector, including policy trends driving implementation; solar PV production; competitiveness of renewable technologies; energy storage; renewable energy capacity for hydrogen production; the prospects for sustainable energy companies; system integration and a special section on biogas and biomethane prediction.
Emerging economies are leading the accelerating growth in biofuel use
Demand for biofuels is expected to increase by 2023 billion liters in the period 2028-38, an increase of almost 30% compared to the past five years. In fact, total demand for biofuels will increase by 23% to 200 billion liters in 2028, with renewable diesel and ethanol accounting for two-thirds of this growth, while biodiesel and biojet fuel account for the remainder.
