International Renewable Energy Agency (IRENA)

IRENA & GWEC Target 380 GW Offshore Wind Energy by 2030

The International Renewable Energy Agency (IRENA) and the Global Wind Energy Council (GWEC) have signed the Global Offshore Wind Energy Compact, an agenda that aims to ensure sustainable energy for all, helping the global battle against climate change. The compact sets a target of 380 GW of energy from offshore wind, installed worldwide by 2030; by […]

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AIIB and IRENA Team-Up to Accelerate Asia’s Energy Transition

The Asian Infrastructure Investment Bank (AIIB) and the International Renewable Energy Agency (IRENA) have signed a memorandum of understanding (MOU) committing to work together to support Asia’s energy transition and mobilize greater private capital for renewable energy. The agreement was signed today by AIIB President Jin Liqun and IRENA Director-General, Francesco La Camera, at a […]

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High Cost, Infrastructural Issues Limit Green Hydrogen’s Role in Energy Transition: Study

Green hydrogen is recognised as a viable solution for reducing greenhouse gas emissions and transitioning away from fossil fuels for “hard-to-abate” sectors. The supply chain for hydrogen, however, is not yet fully developed. Several barriers, such as the high cost of green hydrogen compared to non-renewable alternatives and the lack of dedicated infrastructure, are still […]

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Majority of New Renewables Beat Cheapest Fossil Fuel on Cost: IRENA

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) or 62 per cent of total renewable power generation added last year had lower costs than the cheapest new fossil fuel option. […]

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How Cities Can Take Action to Drive the Energy Transition: IRENA

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 […]

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