Fiji, May 26 -- The International Renewable Energy Agency (IRENA) says the next phase of the global energy transition must focus on electrification, renewable energy expansion and a faster move away from fossil fuels as rising geopolitical tensions and volatile fuel markets reshape the global energy sector.

In a new report released with the Brazilian COP30 Presidency ahead of the Copenhagen Climate Ministerial, IRENA warned that current global energy systems are "structurally unprepared" to meet the 1.5degC climate target.

The report, Transitioning away from fossil fuels: A roadmap based on renewables, electrification and grid enhancement, says global targets to triple renewable energy capacity and double energy efficiency improvements ...