Boosting offshore renewables will accelerate the energy transition and allow G20 countries to build a resilient and sustainable energy system, a new report by the International Renewable Energy Agency (IRENA) finds. Offshore Renewables: An Action Agenda for Deployment actively contributes to the G20 agenda by identifying actions which support the commercialisation of offshore technologies such … Continue reading IRENA Outlines Action Agenda on Offshore Renewables for G20
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IRENA’s World Energy Transitions Outlook Re-Writes Energy Narrative for a Net Zero World
Change in investments, capital markets and policies tabled to realise energy transition dividend of 122 million energy jobs by 2050. Accelerating energy transitions on a path to climate safety can grow the world’s economy by 2.4 per cent over the expected growth of current plans within the next decade, a new analysis from the International … Continue reading IRENA’s World Energy Transitions Outlook Re-Writes Energy Narrative for a Net Zero World
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The cost of Concentrated Solar Power declined by 16%
The cost of renewables, meanwhile, continued to fall even in 2020, despite Covid-linked disruption. The cost of electricity from utility-scale solar PV declined by 7% year-on-year, while offshore wind fell by 9%, onshore wind 13% and concentrating solar power by 16%. Between 2000 and 2020, renewables capacity grew more than three times, increasing by 754 … Continue reading The cost of Concentrated Solar Power declined by 16%
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IRENA and China Sign Landmark Co-operation to Address Climate Change
The International Renewable Energy Agency (IRENA) and the Ministry of Ecology and Environment of the People’s Republic of China (MEE) have today agreed to extend existing co-operation on energy transition. The joint work will center-stage the acceleration of renewable energy development as central climate solution, enabling China’s pledge to peak emissions before 2030 and achieve … Continue reading IRENA and China Sign Landmark Co-operation to Address Climate Change
Continue readingMajority of New Renewables Undercut Cheapest Fossil Fuel on Cost
Countries urged to power past coal as new report confirms renewables would bring cost savings of USD 156 billion to emerging economies. The share of renewable energy that achieved lower costs than the most competitive fossil fuel option doubled in 2020, a new report by the International Renewable Energy Agency (IRENA) shows. 162 gigawatts (GW) … Continue reading Majority of New Renewables Undercut Cheapest Fossil Fuel on Cost
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IRENA and the UN Agree to Advance Renewables in Peacekeeping Operations
The International Renewable Energy Agency (IRENA) and the United Nations (UN) signed a Memorandum of Understanding (MoU) today to advance the use of host-country generated renewable energy in peacekeeping missions. Under the agreement, IRENA and the UN will seek opportunities to work with countries that host UN peacekeeping operations to identify host country policy, regulatory, … Continue reading IRENA and the UN Agree to Advance Renewables in Peacekeeping Operations
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Morocco and IRENA Partner to Boost Renewables and Green Hydrogen Development
The International Renewable Energy Agency (IRENA) and the Ministry of Energy, Mines and Environment (MEME) of the Kingdom of Morocco have today agreed to strengthen joint collaboration to advance knowledge in renewable energy and to accelerate the energy transition. Specifically, IRENA and Morocco will work closely to advance the national green hydrogen economy as the … Continue reading Morocco and IRENA Partner to Boost Renewables and Green Hydrogen Development
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IRENA Members Contribute to G20 Action Agenda on Offshore Renewables
On the occasion of the 2021 World Ocean Day, over 70 IRENA members and private sector representatives came together in a Collaborative Framework on Ocean Energy and Offshore Renewables to accelerate the deployment of ocean technologies worldwide. Energy from the sea and through offshore renewables is increasingly recognised as significant climate solution for the power … Continue reading IRENA Members Contribute to G20 Action Agenda on Offshore Renewables
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Universal Access to Sustainable Energy Will Remain Elusive Without Addressing Inequalities
Sustainable solutions must target African countries left behind in quest for global energy access. During the last decade, a greater share of the global population gained access to electricity than ever before, but the number of people without electricity in Sub-Saharan Africa actually increased. Unless efforts are scaled up significantly in countries with the largest … Continue reading Universal Access to Sustainable Energy Will Remain Elusive Without Addressing Inequalities
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China and IRENA Boost Ties as Leading Renewables Market Eyes Carbon Neutrality Goals
IRENA and National Energy Administration of China sign MoU to advance the transition and cooperate on market development. The International Renewable Energy Agency (IRENA), and the National Energy Administration of the People’s Republic of China (NEA) have today agreed to work to strengthen cooperation as the world’s largest renewable energy market builds momentum towards the … Continue reading China and IRENA Boost Ties as Leading Renewables Market Eyes Carbon Neutrality Goals
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Enhanced Financial Instruments Needed to Accelerate Renewables Deployment in Tunisia
IRENA outlines recommendations to help country achieve its 30% renewables goal while boosting growth and development. Measures to reform the renewable energy sector’s financial instruments and encourage greater involvement from national financial institutions are critical to the achievement of Tunisia’s energy transformation goals, according to a new report published today by the International Renewable Energy … Continue reading Enhanced Financial Instruments Needed to Accelerate Renewables Deployment in Tunisia
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Framework on Just and Inclusive Energy Transition
Representatives from over 50 IRENA member countries gathered for the first meeting of the Collaborative Framework for Just and Inclusive Energy Transitions. The meeting took place during the last week’s IRENA Council and was co-facilitated by the United States and South Africa. As IRENA members are stepping up action to meet global climate objectives and … Continue reading Framework on Just and Inclusive Energy Transition
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IRENA and Siemens Energy Sign Partnership Agreement
The International Renewable Energy Agency (IRENA) has today signed a partnership agreement with Siemens Energy aimed at advancing the global energy transition. Under the agreement, the organisations will strengthen collaboration on the application of technology to advance and deepen the transition to renewable energy around the world. The wide-ranging scope of collaboration extends to a … Continue reading IRENA and Siemens Energy Sign Partnership Agreement
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How Cities Can Take Action to Drive the Energy Transition
The dominance of fossil fuels in the urban energy supply puts cities on the frontline of climate change. Cities account for about 75% of global primary energy use and are responsible for 70 per cent of energy related greenhouse gas (GHG) emissions, making them key actors in both national and global efforts to transition to … Continue reading How Cities Can Take Action to Drive the Energy Transition
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IRENA Members to Expand Cross-border Interconnections as Shares of Renewables Grow
According to IRENA’s World Energy Transitions Outlook, to achieve climate goals, global electricity generation must expand three-fold by 2050, making grid flexibility exceptionally important as countries race to reduce emissions. Cross-border interconnection represents one of the key solutions to dealing with the variability of renewable power and grid stability issues. This topic was the focus … Continue reading IRENA Members to Expand Cross-border Interconnections as Shares of Renewables Grow
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IRENA Members Commit to Top Up Global Hydropower Fleet
IRENA Members and private sector representatives join forces to modernise and refurbish the existing hydropower fleet around the globe. This is one of the results of the third meeting of the Collaborative Framework on Hydropower organised by IRENA which aims to expand collaboration and action between the Agency’s global Membership on the continued deployment of … Continue reading IRENA Members Commit to Top Up Global Hydropower Fleet
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Door to 1.5°C Still Open Says Francesco La Camera Following Biden Leaders Summit on Climate
The door is still open to achieve the 1.5°C goal by mid-century but the priority now is to move away from pledges and firmly towards implementation, said Francesco La Camera, Director-General of the International Renewable Energy Agency (IRENA). His comments were made in the aftermath of the recently concluded Leaders Summit on Climate hosted by … Continue reading Door to 1.5°C Still Open Says Francesco La Camera Following Biden Leaders Summit on Climate
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Eastern and Southern Africa’s Vast Renewables Potential Offers Route to Sustainable Growth
Eastern and Southern Africa are vast, geographically diverse regions with rapidly growing populations and rising demands for energy. According to master plans for the two regional power pools, electricity demand is set to grow at between 3.4 and 5 per cent per year to 2040. Meeting that demand is key to bolstering long-term growth in … Continue reading Eastern and Southern Africa’s Vast Renewables Potential Offers Route to Sustainable Growth
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IRENA and China State Grid Agree to Advance Transition Through Power System Enhancements
The International Renewable Energy Agency (IRENA), and the State Grid Corporation of China (SGCC), have today signed a new Memorandum of Understanding (MoU) that will see the two organisations work closely to support grid enhancements, system flexibility and sector-coupling in China and IRENA’s Clean Energy Corridor regions. The agreement aims to advance the global energy … Continue reading IRENA and China State Grid Agree to Advance Transition Through Power System Enhancements
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World Adds Record New Wind Energy and Solar Power Capacity in 2020
Despite COVID-19 pandemic, more than 260GW of renewable energy capacity added globally in 2020, beating previous record by almost 50%. IRENA Director-General Francesco Camera hails start of ‘decade of renewables’ Global renewable energy capacity additions in 2020 beat earlier estimates and all previous records despite the economic slowdown that resulted from the COVID-19 pandemic. According … Continue reading World Adds Record New Wind Energy and Solar Power Capacity in 2020
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