Meeting the 3xRenewables commitment by 2030 and the Paris Agreement goals will require a massive and rapid increase in investments in new and existing electricity grids. This is not just a technical necessity; it is a defining moment for our collective future.
The GGI Secretariat team – Global Renewables Alliance, Climate Compatible Growth and Lucetia Group – have developed a set of global grids targets needed to meet 3xRenewables. As lead advocates working to further action-orientated cooperation and accelerate grid deployment globally, this is our call to action:
The 3XRenewables by 2030 and wider Paris Agreement goals will not be met if electricity grids do not expand faster than current trends to 2030.
We call on national governments to agree to 2030 Global Grid Targets, ideally by COP29, and to track the metrics over the coming years to measure progress.
Beyond 2030 there will be an increasing need for the expansion, infrastructure development and improved efficiency of the electricity grid.
Governments should start planning for their electricity grid needs now, assessing what will be required to deliver their commitments under the Paris Agreement, setting their individual targets, and implementing enabling policies to meet those targets. In particular, they should integrate grid targets within their new Nationally Determined Contributions, due to be submitted by February 2025.
