The Global Renewables and Energy Efficiency Pledge has been endorsed by over 100 countries at the 2023 United Nations Climate Change Conference (COP28) in Dubai, UAE. The pledge, launched by European Commission (EC) President Ursula von der Leyen and COP28 President Sultan Al Jaber, aims to triple the global installed renewable energy generation capacity to at least 11,000GW (11TW) by 2030. It also includes increasing the global average annual rate of energy efficiency improvements by two folds from nearly 2% to over 4% annually until the end of this decade. Other countries endorsing the pledge include Brazil, Australia, Nigeria, Japan, Canada, Barbados, and Chile. To drive the Global Pledge, the EC President declared a commitment to invest €2.3bn from the EU budget over the next two years.

Solar Dominates US Energy Capacity Growth
The Federal Energy Regulatory Commission (FERC) has published data showing that solar accounted for over 75% of US electrical generating







