Motion and accountability have to be the following steps if this pledge is to ship on its excessive ambitions. To quickly speed up deployment, allowing have to be streamlined, provide chains strengthened, grids expanded, and finance have to be unlocked. That is the one approach that ambition can turn into actuality.
COP28 ought to search to make sure nations that signal as much as the pledge additionally comply with an accountability mechanism – monitoring and reporting on progress – to make sure the fast upscale of renewable vitality is creating on the price required for 1.5°C.
Real motion on delivering renewable vitality capability will guarantee a simply and inclusive vitality transition that ensures good points from the vitality transition are equitably distributed. This should embody multilateral North-South partnerships to help native worth creation in creating economies, in addition to mobilising entry to low-cost financing and transition-related wants, akin to grid enlargement.
