US EditionIEA trims renewables outlook as US policy shifts and China auction reforms weigh
The International Energy Agency cut its 2030 global renewable growth forecast by 900 gigawatts due to US tax credit phase-out and China's tariff policy shift, while India and Europe show gains.
- On October 7, the International Energy Agency revised its projection for global renewable power expansion by 2030, lowering it by 900 gigawatts compared to last year's estimate.
- The cut resulted from weaker prospects in the United States, driven by an early phase-out of federal tax incentives and tighter regulations, and slowing growth in China due to auction reforms.
- Solar energy is driving most of the new global renewable capacity, making up around 80% of growth, while projections for offshore wind have been reduced due to changes in government policies, manufacturing and shipping challenges, and increased expenses.
- IEA Executive Director Fatih Birol called on policymakers to improve grid reliability and secure supply chains, noting that over 90% of critical supply chain components—such as those for solar and rare-earth materials—are still predominantly sourced from China.
- Despite these challenges, India and Europe are on track for strong renewable growth, but the overall forecast now falls short of the global goal to triple renewable output by 2030.
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The International Energy Agency (IEA) has cut its global renewables outlook through 2030, stating that the Trump administration’s energy policies are curbing growth in the United States, while China is also slowing. “Globally, we have lowered our renewable energy growth forecast for 2025-2030 by 5 percent compared to last year, to reflect policy, regulatory, and market changes since October 2024. This revision means we now expect 248 GW less ren…
The growth of energy generation from renewable sources – such as solar, wind, hydrogen and geothermal energy – will be lower in the coming years than initially thought.
IEA trims renewables outlook as US policy shifts and China auction reforms weigh
The International Energy Agency on Tuesday cut its global forecast for renewable power growth by 2030 by 900 gigawatts from last year's outlook, citing weaker prospects in the United States and China, even as solar power continues to drive record additions.
IEA trims renewables outlook as US policy shifts
The International Energy Agency has today cut its global forecast for renewable power growth by 2030 by 900 gigawatts from last year's outlook, citing weaker prospects in the US and China, even as solar power continues to drive record additions.
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