Tag: IRENA

UN Declares IRENA’s Founding Date as International Day for Clean Energy

Stuart Mitchell

The United Nations General Assembly (UNGA) has adopted a resolution proclaiming the 26th January as the International Day of Clean Energy, the anniversary day of the founding of the International Renewable Energy Agency (IRENA) in 2009. By selecting the 26th January, the 193 Member States of the UNGA acknowledge IRENA’s leading role in accelerating the global, renewables-based energy transition. Welcoming the UN resolution, IRENA Director-General Francesco La Camera said: “It is with much enthusiasm that I applaud the UN and its Member States, including the United Arab Emirates and Panama…

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IDB Backs IRENA’s ETAF with Potential Investment of up to USD 100 Million

Stuart Mitchell

The Inter-American Development Bank (IDB) recently signed an agreement with the International Renewable Energy Agency (IRENA) to join the Energy Transition Accelerator Financing (ETAF) platform, a global initiative that seeks to mobilise funds for renewable energy investments. As part of its commitment, the IDB plans to co-finance renewable energy projects and energy transition technologies in the Latin America and the Caribbean region, with an allocation of up to USD 100 million. IRENA Director-General Francesco La Camera and IDB CEO Ilan Goldfajn signed the agreement at the IDB Headquarters in Washington…

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Annual Renewable Power Must Triple by 2030

Stuart Mitchell

In the first volume of the World Energy Transitions Outlook (WETO) 2023 released today, the International Renewable Energy Agency (IRENA) identifies the way forward to immediately course correct the 1.5°C climate pathway. The report calls for raised global ambition in renewables deployment, enabled by physical infrastructure, policy, and regulations, and underlining institutional and workforce capabilities. The WETO 2023: 1.5°C Pathway positions electrification and efficiency as key transition drivers, enabled by renewable energy, clean hydrogen, and sustainable biomass and tracks implementation across all energy sectors. According to the latest edition, some…

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Scaled-up Investments and Enabling Frameworks Will Unlock Offshore Renewables Potential

Stuart Mitchell

The latest climate report by the Intergovernmental Panel on Climate Change states that the international community is very unlikely to limit the global temperature rise to 1.5°C, if immediate action is not taken. Offshore renewables – such as offshore wind and ocean energy – have significant potential to accelerate the global energy transition and create new economic and social opportunities. According to the latest data from the International Renewable Energy Agency (IRENA), the installed capacity of offshore wind grew 18-fold to over 55 gigawatt (GW) in 2022 and ocean energy…

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IRENA and Bloomberg Philanthropies Announce COP28 Partnership to Help Accelerate the Global Energy Transition

Stuart Mitchell

Bloomberg Philanthropies and the International Renewable Energy Agency (IRENA) announced a new COP28 partnership to turbocharge clean energy deployment and capital mobilization in emerging markets and developing economies. The official announcement took place in the presence of His Excellency Dr. Sultan Al Jaber, President-Designate of COP28, Francesco La Camera, Director-General of IRENA, and Michael R. Bloomberg, UN Special Envoy on Climate Ambition and Solutions and founder of Bloomberg L.P. and Bloomberg Philanthropies. Ahead of COP28 and the milestone Global Stocktake – assessing national contributions and progress against the goals of…

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