© IRENA 2023 Unless otherwise stated, material in this publication may be freely used, shared, copied, reproduced, printed and/or stored, provided that appropriate acknowledgement is given of IRENA as the source and copyright holder. Material in this publication that is attributed to third parties may be subject to separate terms of use and restrictions, and appropriate permissions from these third parties may need to be secured before any use of such material. ISBN: 978-92-9260-570-4 Citation: IRENA (2023), NDCs and renewable energy targets in 2023: Tripling renewable power by 2030, International Renewable Energy Agency, Abu Dhabi. ABOUT IRENA The International Renewable Energy Agency (IRENA) is an intergovernmental organisation that supports countries in their transition to a sustainable energy future and serves as the principal platform for international co-operation, a centre of excellence, and a repository of policy, technology, resource and financial knowledge on renewable energy. IRENA promotes the widespread adoption and sustainable use of all forms of renewable energy, including bioenergy, geothermal, hydropower, ocean, solar and wind energy, in the pursuit of sustainable development, energy access, energy security and low-carbon economic growth and prosperity. www.irena.org ACKNOWLEDGEMENTS This report was developed under the guidance of Ute Collier (Acting Director, IRENA Knowledge, Policy and Finance Centre) and authored by Faran Rana, Diala Hawila (IRENA) and Austin Lee (IRENA Consultant) with valuable contributions and feedback from Na Hee Lee, Mirjam Reiner, Hannah Guinto, Iris van der Lugt, Toyo Kawabata, Michael Taylor, Paul Komor, Varvara Aleksić and Inês Jacob (IRENA), Miquel Muñoz Cabré, Cora Salzano, Malvika Kaushik, and Brigita Tool (Stockholm Environmental Institute), Uni Lee (Ember Climate) and Kenichi Kitamura and Ryo Hamaguchi (United Nations Framework Convention on Climate Change). The report was edited by Stefanie Durbin. IRENA is grateful for the generous support for this brief provided by the Walloon government. For further information or to provide feedback: publications@irena.org. Available for download: www.irena.org/publications. DISCLAIMER This publication and the material herein are provided “as is”. All reasonable precautions have been taken by IRENA to verify the reliability of the material in this publication. However, neither IRENA nor any of its officials, agents, data or other third-party content providers provides a warranty of any kind, either expressed or implied, and they accept no responsibility or liability for any consequence of use of the publication or material herein. The information contained herein does not necessarily represent the views of all Members of IRENA. The mention of specific companies or certain projects or products does not imply that they are endorsed or recommended by IRENA in preference to others of a similar nature that are not mentioned. The designations employed and the presentation of material herein do not imply the expression of any opinion on the part of IRENA concerning the legal status of any region, country, territory, city or area or of its authorities, or concerning the delimitation of frontiers or boundaries. Cover credits: ©Freepik.com CONTENTS FIGURES 4 TABLES 4 BOXES 4 ABBREVIATIONS 5 1 2 3 KEY MESSAGES 6 INTRODUCTION 8  STATUS OF NDC SUBMISSIONS AS OF END-OCTOBER 2023 STATUS OF RENEWABLE ENERGY TARGETS IN NDCs AS OF OCTOBER 2023  NALYSIS OF RENEWABLE POWER TARGETS IN NDCs CONSIDERING A CALLS FOR THE PLEDGE TO TRIPLE CAPACITY BY 2030 3.1  G20 Parties 3.2 LDCs 3.3 SIDS 4 9 13 16 17 24 29 CONCLUSIONS 31 REFERENCES 33 APPENDIX 36 A1.  Note on targets in NDCs vs. policy documents (laws, plans, roadmaps) 36 A2. Study design 36 A3. Quantification methodology 37 3 FIGURES Figure 1 NDCs by ambition and share of global emissions (as of end October 2023) 10 Figure 2 Global GHG emissions projected under NDC implementation (for NDCs submitted up to September 2023) 11 Figure 3  14 Renewable energy targets in NDCs globally Figure 4  Global power sector targets for 2030 to align with the 1.5°C Scenario 15 Figure 5 G20 renewable installed capacity, historical trends and future projections based on NDCs vs. IRENA’s 1.5°C Scenario 18 Figure 6  NDC targets in LDCs by conditionality and the minimum level of financin