Renewable energy is on track to generate half of all electricity supply around the globe by 2030 but is expected to fall short of U.N. targets to triple capacity the same year, the International Energy Agency said. 

In a report released on Wednesday, the IEA estimated over 5,500 gigawatts of additional renewable energy capacity, primarily driven by solar and wind, will be operational by the end of the decade. Growing by 2.7 times since 2022, this additional capacity is set to surpass many countries’ current goals by nearly 25%, the Paris-based intergovernmental agency said.