Poland can increase its share of renewable energy to nearly 38% by 2030.

That’s from 7% in 2020, according to a new report by the International Renewable Energy Agency (IRENA).

It also found the share of renewable energy in total final energy consumption could more than double to nearly 25% by 2030.

An investment worth $4.5 billion (£2.9bn) per year is necessary to reach those figures, the report recommended.

It also said although the country’s renewable production comes mainly from biomass power, the nation needs to boost wind energy, improve its power transmissions and scale up grid development.

Increasing the share of renewable energy would also help Poland reduce its carbon emissions and save up to $2 billion (£1.3bn) annually in the next 15 years.

Adnan Z. Amin, Director-General of IRENA said: “As one of the European Union’s largest energy users, Poland plays a critical role in fulfilling the region’s energy and climate goals. Even in a country like Poland with cheap fossil-fuel based sources, renewable energy can be cost-competitive, reduce air pollution, enhance energy security, benefit the economy and play a leading role in fighting climate change.”