Major Economies Lock in Aggressive Decarbonization Targets Despite Climate Goal Slippage

Multiple major economies are accelerating transition commitments: the EU raised its 2030 renewables target above 45%, India approved 50 GW of storage-integrated renewables, and China restricted new coal permits. However, new outlooks from BloombergNEF and RFF conclude current trajectories miss the 1.5°C target despite projecting solar as the largest power source by 2032.