This is the best summary I could come up with:

The “spectacular” growth offers a “real chance” of global governments meeting a pledge agreed at the Cop28 climate talks in November to triple renewable energy capacity by 2030 to significantly reduce consumption of fossil fuels, the IEA added.

The IEA’s latest report found that solar power accounted for three-quarters of the new renewable energy capacity installed worldwide last year.

Record rates of growth across Europe, the US and Brazil have put renewables on track to overtake coal as the largest source of global electricity generation by early 2025, the IEA said.

Tripling global renewable energy by the end of the decade to help cut carbon emissions is one of five main climate targets designed to prevent runaway global heating, alongside doubling energy efficiency, cutting methane emissions, transitioning away from fossil fuels, and scaling up financing for emerging and developing economies.

The combination of higher interest rates and supply chain costs has forced some developers to cancel big offshore wind projects, and raised concerns over the future of the technology.

Emerging and developing economies will face challenges accessing finance, strengthening governance and creating robust regulatory frameworks which will be essential to reducing investor risk and attract investment, the IEA said, which may include establishing new targets and policies in countries where they do not exist yet.

The original article contains 531 words, the summary contains 215 words. Saved 60%. I’m a bot and I’m open source!