IRENA held its second Legislators Dialogue during last week’s Investment Forum events that took place in the context of the G20 Energy Transitions Ministerial Meeting. Co-organised by the Global Renewables Congress (GRC) and Climate Vulnerable Forum (CVF), the Dialogue brought together parliamentarians of the G20 countries and from the Global South to discuss policy frameworks … Continue reading Call for Robust Policy Framework at IRENA’s Legislators Dialogue
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Mobilising Renewable Energy Projects in Small Island States
Despite increasingly intense natural disasters and a high dependency on fossil fuels, Small Island Developing States (SIDS) have demonstrated strong leadership by setting ambitious climate targets and national energy policies in pursuit of Paris Agreement and Sustainable Development Goals. On-ground capacity building, project facilitation and access to international finance are critical to support SIDS in … Continue reading Mobilising Renewable Energy Projects in Small Island States
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IRENA DG’s Indonesian Mission Breaks Ground on Future G20 Investment Forum
Led by the International Renewable Energy Agency (IRENA)’s Director-General, Francesco La Camera, the Agency undertook a four-day mission to Indonesia on 24-27 July. During the mission, the IRENA Director-General met with government ministers and other high-ranking individuals, participated in a site visit to a micro-hydroelectric plant, and engaged with media. The mission’s aim was to … Continue reading IRENA DG’s Indonesian Mission Breaks Ground on Future G20 Investment Forum
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IRENA Goes Beyond the Talk to Address Financing Challenges in Developing Countries
Investments in energy transition technologies, while having reached record levels, are still not large enough. According to recent data from the International Renewable Energy Agency (IRENA), in 2021, about 84% of these investments were in China, Europe, the United States, Japan and India. The Middle East and Africa accounted for 2% of the investment total. … Continue reading IRENA Goes Beyond the Talk to Address Financing Challenges in Developing Countries
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IRENA Scoops Inaugural UN SIDS Partnerships Award
Recognising its invaluable promotion of sustainable development in Small Island Developing States (SIDS), the International Renewable Energy Agency (IRENA) received the first ever “United Nations (UN) SIDS Partnerships Award” in the environmental category. The award, for IRENA’s SIDS Lighthouses Initiative (LHI), acknowledges the Agency’s response to a call for action under the SIDS Accelerated Modalities … Continue reading IRENA Scoops Inaugural UN SIDS Partnerships Award
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Concentrated Solar Power installed capacity grew just over five-fold between 2010 and 2020
Cumulative CSP installed capacity grew just over five-fold, globally, between 2010 and 2020, reaching around 6.5 gigawatts (GW) by the end of that period. Breaking the last five years of this down, after modest activity in 2016 and 2017 – with annual additions hovering around 100 megawatts (MW) per year – the global market for … Continue reading Concentrated Solar Power installed capacity grew just over five-fold between 2010 and 2020
Continue readingRenewable Power Remains Cost-Competitive amid Fossil Fuel Crisis
New IRENA report shows almost two-thirds of renewable power added in 2021 had lower costs than the cheapest coal-fired options in G20 countries. The global weighted average cost of newly commissioned solar photovoltaic (PV), onshore and offshore wind power projects fell in 2021. This was despite rising materials and equipment costs, given that there is … Continue reading Renewable Power Remains Cost-Competitive amid Fossil Fuel Crisis
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IRENA Presents Plan for China to Reach Carbon Neutrality through Renewables
As part of the strategic partnership with China, IRENA has launched a 13-Point Plan for the world’s biggest producer and consumer of energy in support of the country’s climate commitments. China aims for its carbon emissions to peak before 2030 and achieve carbon neutrality by 2060. While China’s scale, and the need to balance economic … Continue reading IRENA Presents Plan for China to Reach Carbon Neutrality through Renewables
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A Quarter of Global Hydrogen Set for Trading by 2050
Green hydrogen trade can provide a low-cost alternative that diversifies energy imports and improves energy security, says new IRENA report. To make hydrogen trade cost-effective, the costs of producing and trading green hydrogen must be lower than domestic production to offset higher transport costs. A new report series released by the International Renewable Energy Agency … Continue reading A Quarter of Global Hydrogen Set for Trading by 2050
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Renewable-based Pathway Key to Palau’s Welfare
Like many Small Island Developing States (SIDS), Palau is highly dependent on imported fossil fuels. Renewable energy generation is only 4.03 percent of the total share of its power sector. The country, however, is striving to increase this share. A new report by the International Renewable Energy Agency (IRENA) explains how the country can achieve … Continue reading Renewable-based Pathway Key to Palau’s Welfare
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IRENA and OPEC Fund Join Forces to Unlock Investment in Energy Transition
The International Renewable Energy Agency (IRENA) and the OPEC Fund for International Development (OPEC Fund) are ramping up efforts to advance renewable energy investment and enable access to sustainable finance in emerging and developing economies. A Memorandum of Understanding signed today in Vienna by IRENA’s Director-General Francesco La Camera and the Director-General of the OPEC … Continue reading IRENA and OPEC Fund Join Forces to Unlock Investment in Energy Transition
Continue readingIRENA Members Aim to Reach High Shares of Renewables with Long-term Energy Scenarios
A growing number of countries are undergoing a transition towards cleaner and more sustainable energy systems, while others have already achieved considerably high shares of renewables, and addressed a number of challenges in ensuring reliability, affordability and grid flexibility. These experiences can contribute to guiding countries that are on a similar path, and effectively address … Continue reading IRENA Members Aim to Reach High Shares of Renewables with Long-term Energy Scenarios
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IRENA Members Back New Blueprint for Hydropower Advancement
“Investment in hydropower needs to grow five-fold from 2018 levels to achieve the Paris Agreement goals,” said IRENA Deputy Director-General Gauri Singh at the fourth meeting of the Collaborative Framework on Hydropower. Co-facilitated by Costa Rica, the meeting drew interest from more than 60 participants from 35 Members and States in Accession to discuss critical … Continue reading IRENA Members Back New Blueprint for Hydropower Advancement
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IRENA Members Call for Hydrogen Trade Beyond Borders
“In an era of high energy and commodity prices, coupled with an inefficient energy system, making green hydrogen a global trade commodity is a fundamental prerequisite to accelerate the transition towards a more sustainable system based on renewables,” said Francesco La Camera, IRENA Director-General, at the Fifth Meeting of the Collaborative Framework on Green Hydrogen … Continue reading IRENA Members Call for Hydrogen Trade Beyond Borders
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UNSG’s Remarks on Energy Transition
The International Renewable Energy Agency (IRENA) warmly welcomes the remarks of the United Nations Secretary General António Guterres setting out key actions to achieve the energy transition. His remarks were made during the launch of the World Meteorological Organization’s State of the Global Climate 2021 report. Responding to the announcement, IRENA Director-General Francesco La Camera … Continue reading UNSG’s Remarks on Energy Transition
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Ocean Renewables: Powering the Blue Economy
Offshore renewables can play a key role in harnessing the benefits of the blue economy for sustainable development in Small Island Developing States (SIDS), said IRENA Director-General Francesco La Camera, at the Our Oceans conference held in the western Pacific nation of Palau. Aimed at highlighting the plight of nations on the frontline of climate … Continue reading Ocean Renewables: Powering the Blue Economy
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Renewables Take Lion’s Share of Global Power Additions in 2021
New data released by the International Renewable Energy Agency (IRENA) shows that renewable energy continued to grow and gain momentum despite global uncertainties. By the end of 2021, global renewable generation capacity amounted to 3 064 Gigawatt (GW), increasing the stock of renewable power by 9.1 per cent. Although hydropower accounted for the largest share … Continue reading Renewables Take Lion’s Share of Global Power Additions in 2021
Continue readingEnergy Transition Holds Key to Tackle Global Energy and Climate Crisis
Short-term interventions addressing the current energy crisis must be accompanied by a steadfast focus on mid- and long-term goals of the energy transition. High fossil fuel prices, energy security concerns and the urgency of climate change underscore the pressing need to move faster to a clean energy system, says World Energy Transitions Outlook 2022. Launched … Continue reading Energy Transition Holds Key to Tackle Global Energy and Climate Crisis
Continue readingCRUL and IRENA Sign Partnership to Promote Research on Renewable Energy
The Lazio Region Universities Coordination Committee (CRUL) and the International Renewable Energy Agency (IRENA) have signed a Memorandum of Understanding (MoU) establishing a new partnership aimed at developing joint research on how to boost renewable energy as a key element in energy transition. The research will focus, among others on bioenergy, geothermal, hydroelectric, ocean, solar … Continue reading CRUL and IRENA Sign Partnership to Promote Research on Renewable Energy
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IRENA Members Pave Way for New Cooperation on Critical Materials
Members of the International Renewable Energy Agency (IRENA) have launched a new Collaborative Framework on Critical Materials for the Energy Transition, a platform provided by IRENA to exchange knowledge, best practices, and coordinate actions to ensure that the scarcity of minerals and materials does not threaten the accelerated deployment of renewable energy. At the event, … Continue reading IRENA Members Pave Way for New Cooperation on Critical Materials
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