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Lula da Silva urges faster global shift to renewables, calls for five-point plan
Summary
In an international address, President Lula da Silva urged accelerated renewable deployment to meet COP28 goals, warned that current commitments still risk overshooting 1.5°C, and outlined five priorities: policy alignment, equity for workers, grid and storage investment, clean power for new demand, and scaled finance for developing countries.
President Lula da Silva urged world leaders to speed the transition to renewable energy and back it with policy, finance and fairness, saying recent investment and job gains show the route to a cleaner economy but that delivery is lagging.
"Last year, 90% of new power capacity came from renewables," he said, and added that "Global investment in clean energy reached 2,000,000,000,000 US dollars, 800,000,000,000 more than fossil fuels." Lula argued those shifts already make renewables the cheapest source of new electricity in nearly every country and stressed the jobs case: "Every dollar invested in renewables creates 3 times more jobs than a dollar invested…
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