Search Results for: projects

Sustainable Aviation Fuels Projects to Gain New Support Through IRENA–ICAO Collaboration

Stuart Mitchell

The International Renewable Energy Agency (IRENA) and the International Civil Aviation Organization (ICAO) launched ‘Finvest@ETAF’ to support Sustainable Aviation Fuels (SAF) and clean aviation energy projects globally. The portal, which is hosted on IRENA’s Energy Transition Accelerator Finanacing (ETAF) platform, was unveiled ahead of the 42nd ICAO Assembly, which kicks off in Montréal today. While demand reduction and energy efficiency improvements will play a critical role to align the sector with IRENA’s 1.5 °C scenario, SAFs could account for 40–65% of the sector’s emission cuts by 2050, according to ICAO.…

Low-emissions hydrogen projects are set to grow strongly despite wave of cancellations and persistent challenges

Stuart Mitchell

Amid steady rise in world hydrogen demand, global pipeline for low-emissions projects has shrunk, but robust expansion to 2030 still expected Despite a recent wave of project delays and cancellations, low-emissions hydrogen production is still set to see robust growth to 2030 as the nascent sector continues to develop – though at a slower pace than the burst of announcements earlier this decade had previously signalled – according to the latest IEA analysis. The 2025 edition of the IEA’s annual Global Hydrogen Review, published today, tracks developments across the hydrogen…

New Rice Farming Methodology From Global Heat Reduction Initiative Zeros In on Projects That Reduce Climate Super Pollutants

Stuart Mitchell

The Global Heat Reduction Initiative (GHR) released a first-of-its-kind methodology that will measure and reward the reduction in climate super pollutants achieved through more sustainable rice cultivation practices. In addition to covering the full range of greenhouse gases including the powerful climate pollutants, methane and nitrous oxide, it also accounts for black carbon emissions associated with burning and equipment operations. The methodology also enables users for the first time to assess the global heat reduction value of reducing these emissions over near-term timeframes, such as between now and 2030 or…

91% of New Renewable Projects Now Cheaper Than Fossil Fuels Alternatives

Stuart Mitchell

Renewables maintain their cost leadership in global power markets, IRENA’s new report on Renewable Power Generation Costs in 2024 confirms. The report confirms that renewables maintained their price advantage over fossil fuels, with cost declines driven by technological innovation, competitive supply chains, and economies of scale. In 2024, solar photovoltaics (PV) were, on average, 41% cheaper than the lowest-cost fossil fuel alternatives, while onshore wind projects were 53% cheaper. Onshore wind remained the most affordable source of new renewable electricity at USD 0.034/kWh, followed by solar PV at USD 0.043/kWh.…

Nine new projects set for implementation after approval at record-breaking GCF Board meeting

Stuart Mitchell

Nine new projects backed by the Green Climate Fund (GCF) are ready for implementation. Project agreements were signed for each project on the margins of GCF’s 42nd Board meeting (B.42), where the projects were approved. In addition, three projects received their first disbursement shortly after the agreement signings. B.42, which took place in Papua New Guinea from 30 June to 3 July 2025, saw a record volume of GCF investment approved in a Board meeting – USD 1.225 billion for 17 projects. GCF now has a portfolio of 314 projects…