The President of the World Economic Forum, Børge Brende, and the Director-General of the International Renewable Energy Agency (IRENA), Francesco La Camera, signed a Memorandum of Understanding (MoU) alongside the 75th session of the UN General Assembly and the Sustainable Development Impact Summit. The Forum’s Energy Transition Index has found that, without urgent stakeholder action, … Continue reading World Economic Forum and IRENA Partner for Sustainable Energy Future
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Finance for Renewables in Developing Countries Is on the Rise
Global finance to developing countries in support of clean and renewable energy reached USD 21.3 billion in 2017. This almost doubles the level from 2010 when international financial flows were at USD 10 billion, according to latest figures of a new indicator under the Sustainable Development Goal 7 (SDG). The new indicator, jointly monitored by … Continue reading Finance for Renewables in Developing Countries Is on the Rise
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Eliminating CO2 Emissions from Industry and Transport in Line with 1.5°C Climate Goal
Renewable energy holds the key to most of the options available to reach zero emissions in industry and transport, IRENA’s new report Reaching Zero with Renewables shows. Presented today by IRENA’s Director-General Francesco La Camera at the high-level Clean Energy Ministerial-Mission Innovation meeting, it sends a strong message that limiting global temperature rise to 1.5°C. will … Continue reading Eliminating CO2 Emissions from Industry and Transport in Line with 1.5°C Climate Goal
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Renewables at Heart of Reaching Zero Emissions in Industry and Transport
Only seven industry and transport sectors will account for 38% of all CO2 emissions globally in 2050 unless there are significant changes in current approaches. Concerted action beyond planned policies can turn the page within the remaining 40 years and achieve zero emissions in heavy industry and transport by around 2060, a key requirement to … Continue reading Renewables at Heart of Reaching Zero Emissions in Industry and Transport
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Institutional Capital: Closing the Energy Transformation Investment Gap
The energy transformation is unstoppable. Renewable energy capacity additions have consistently outpaced the growth of traditional forms of energy over much of the last decade and in what has been dubbed the ‘decade of action’ the next 10 years are poised to be even more transformational. They will need to be. To put the world … Continue reading Institutional Capital: Closing the Energy Transformation Investment Gap
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Latin America’s Energy Community Underlines Link Between Energy Transformation and Prosperity
High-level energy and climate decision makers from Latin America and the Caribbean underlined the importance of low-carbon energy policy to securing stable, long-term prosperity across regional economies, during a webinar co-hosted by the International Renewable Energy Agency (IRENA) and the Latin American Energy Organization (OLADE). The virtual meeting entitled Accelerating Latin America’s Energy Transformation: RE … Continue reading Latin America’s Energy Community Underlines Link Between Energy Transformation and Prosperity
Continue readingStrong Cooperation and Enabling Policies can Lead Energy Transformation in Southeast Asia
IRENA and ASEAN Centre for Energy webinar brings more than 160 participants together to discuss the opportunities low-cost renewables offer the region Meeting future energy demand in the Association of Southeast Asian Nations (ASEAN) is a high priority in the region. With current indigenous fossil fuel resources incompatible with climate and sustainable development goals, and … Continue reading Strong Cooperation and Enabling Policies can Lead Energy Transformation in Southeast Asia
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IRENA develops guidelines for cooperation with the private sector
IRENA has developed Guiding Principles for Engaging in Cooperation Activities with the Private Sector (the “Guidelines”). The Guidelines aim to facilitate cooperation with the private sector to support the achievement of IRENA’s mandate, goals and objectives, while maintaining a principled approach that manages risks and ensures IRENA’s impartiality, integrity and independence. The Guidelines will be … Continue reading IRENA develops guidelines for cooperation with the private sector
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30 Innovative Solutions Show Path to Renewable-Powered Future
As of today, IRENA has published the full series of 30 Innovation Briefs under its Innovation Landscape report. It is the most comprehensive analysis available on innovation priorities that policymakers must address to successfully decarbonise the electricity systems with renewables and push for innovative renewables solutions in a COVID-19 recovery stimulus. With the new briefs … Continue reading 30 Innovative Solutions Show Path to Renewable-Powered Future
Continue readingADGM Inks Partnership with IRENA to Promote Sustainable Finance
International Renewable Energy Agency (IRENA), the lead intergovernmental agency for the energy transformation, and the Abu Dhabi Global Market (ADGM), the award-winning international financial centre, have signed a Memorandum of understanding (MoU) to signify their joint commitment to progressing sustainable finance across the UAE and the wider region. Through the MoU, IRENA and ADGM solidified their … Continue reading ADGM Inks Partnership with IRENA to Promote Sustainable Finance
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Solar and wind power now cheaper than coal
IRENA found 56% of renewable capacity added last year achieved lower electricity costs than new coal power plants. Furthermore, by the end of 2021 it would be cheaper to build new photovoltaic facilities than to keep running active coal power plants of as much as 1.2 TW, more than half of the world total, according … Continue reading Solar and wind power now cheaper than coal
Continue readingIRENA Puts Energy Transformation at Heart of Sustainable Recovery Agenda
Report says targeted public spending and policy action will bring immediate jobs and boost GDP – provides recommendations how to maximise recovery while meeting climate goals. Governments can align immediate economic stimulus needs with medium to long-term decarbonisation and sustainable development objectives by targeting policy measures and public spending towards the energy transformation, a new … Continue reading IRENA Puts Energy Transformation at Heart of Sustainable Recovery Agenda
Continue readingRenewable energy costs plummet according to IRENA
Solar and wind power technologies keep getting cheaper. The International Renewable Energy Agency (IRENA) released a report earlier this week detailing just how much the cost of developing renewable energy has become. Diving right into the numbers, IRENA notes that solar photovoltaics (PV) prices have fallen a whopping 82% since 2010 while concentrated solar power … Continue reading Renewable energy costs plummet according to IRENA
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Irena: costs have fallen by onshore wind energy at 40% and offshore wind power at 29%
Renewable electricity costs have fallen sharply over the past decade, driven by improving technologies, economies of scale, increasingly competitive supply chains and growing developer experience. Since 2010, utility-scale solar PV power has shown the sharpest cost decline at 82%, followed by concentrating solar power (CSP) at 47%, onshore wind at 39% and offshore wind at … Continue reading Irena: costs have fallen by onshore wind energy at 40% and offshore wind power at 29%
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SDG 7 at the Heart of COVID-19 Response and Recovery
The global health and economic crisis set off by the COVID-19 pandemic underscores the need for reliable energy access – whether for health facilities to treat patients and store vaccines, for pumps to supply communities with clean water, or to give people the benefits of digital communication technologies. The latest edition of Tracking SDG 7: … Continue reading SDG 7 at the Heart of COVID-19 Response and Recovery
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COVID-19 Intensifies the Urgency to Expand Sustainable Energy Solutions Worldwide
To meet the Sustainable Development Goals (SDGs) targets by 2030, countries must safeguard the gains already attained and accelerate efforts to achieve affordable, reliable, sustainable and modern energy for all. Despite accelerated progress over the past decade, the world will fall short of ensuring universal access to affordable, reliable, sustainable, and modern energy by 2030 … Continue reading COVID-19 Intensifies the Urgency to Expand Sustainable Energy Solutions Worldwide
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IRENA and ESCAP Step up Joint Efforts to Support Asia-Pacific’s Crisis Response
The two organisations will seek to bolster provision of low-cost, sustainable energy to prepare health systems for vaccine delivery and rebuild economies. The United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) and the International Renewable Energy Agency (IRENA) will work together to improve access to sustainable energy, bolstering the Asia-Pacific region’s … Continue reading IRENA and ESCAP Step up Joint Efforts to Support Asia-Pacific’s Crisis Response
Continue readingIRENA’s Coalition for Action Calls for Green Recovery Based on Renewables
As COVID-19 rapidly devastates communities and livelihoods, effective response measures are urgently needed to address the immediate as well as the longer-term impacts of the crisis. Over 100 leading players in renewable energy, gathered under the IRENA Coalition for Action, have come together in a joint call for action, putting forward concrete recommendations on how … Continue reading IRENA’s Coalition for Action Calls for Green Recovery Based on Renewables
Continue readingRenewable Energy Can Support Resilient and Equitable Recovery
Advancing the renewables-based energy transformation is an opportunity to meet international climate goals while boosting economic growth, creating millions of jobs and improving human welfare by 2050, finds the first Global Renewables Outlook released by the International Renewable Energy Agency (IRENA) today. While a pathway to deeper decarbonisation requires total energy investment up to USD … Continue reading Renewable Energy Can Support Resilient and Equitable Recovery
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African Union and IRENA to Advance Renewables in Response to COVID-19
The African Union Commission (AUC) and the International Renewable Energy Agency (IRENA) have agreed to work closely to advance renewable energy across the continent to bolster Africa’s response to Covid-19. The two organisations will focus on innovative solutions to drive the development of renewable energy including decentralised systems, and to increase access to energy across … Continue reading African Union and IRENA to Advance Renewables in Response to COVID-19
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