In Short : At the Pre-COP meeting, COP28, IRENA, and the Global Renewables Alliance unveiled a roadmap to accelerate the energy transition. The plan focuses on tripling renewable power and doubling energy efficiency by 2030. This ambitious strategy aims to swiftly reduce global carbon emissions and advance the shift to sustainable energy sources, underscoring the […]
Global renwable energy capacity addition needs to grow 3-fold annually by 2030: Report – EQ Mag
New Delhi : Renewable energy capacity addition needs to grow at over three times annually to keep within the reach the target of limiting global temperature increase to 1.5 degree Celsius, said a report by the International Renewable Energy Agency (IRENA). The World Energy Transitions Outlook (WETO) 2023 has called for annual renewable power additions […]
Investments in renewable energies must quadruple to meet climate target: IRENA – EQ Mag
BERLIN: Global investments in energy transition technologies must more than quadruple annually to stay in line with commitments made under the Paris climate accord, the International Renewable Energy Agency said on Tuesday. Investments in renewable energy technologies reached a record of $1.3 trillion last year but that figure must rise to around $5 trillion annually […]
Global renewables capacity grew by record 10% last year – IRENA – EQ Mag
LONDON : Global renewable energy capacity grew by a record 9.6% last year but needs to grow by three times the current rate to limit global warming, the International Renewable Energy Agency (IRENA) said on Tuesday. IRENA’s annual report on renewable energy statistics said global renewable energy capacity amounted to 3,372 gigawatts (GW) at the […]
India’s IRENA presidency reinforces its clean energy leadership – EQ Mag
India taking over the presidency of IRENA has reinforced the country’s leadership in the clean energy space, Indian business leaders here have said. The International Renewable Energy Agency (IRENA) is an intergovernmental organisation mandated to facilitate cooperation, advance knowledge, and promote the adoption and sustainable use of renewable energy. India on Saturday assumed the presidency […]
Renewable Energy Jobs Hit 12.7 Million Globally: IRENA – EQ Mag Pro
Pittsburgh, USA / Abu Dhabi, UAE / Geneva, Switzerland : Worldwide renewable energy employment reached 12.7 million last year, a jump of 700,000 new jobs in one year despite the lingering effects of COVID-19 and the growing energy crisis, according to a new report. Renewable Energy and Jobs: Annual Review 2022 identifies market dynamics as […]
ASEAN Can Cover Two-Thirds of Energy Demand with Renewables: IRENA – EQ Mag Pro
Southeast Asia can save energy costs of up to USD 160 billion; addressing energy security and climate risks through energy transition, says IRENA. Jakarta, Indonesia / Abu Dhabi, Unites Arab Emirates : Southeast Asian countries can meet their growing energy demand with renewables and cut 75% of their energy-related CO2 emissions by 2050, half of […]
Renewable energy storage a priority to ensure flexibility, balance, needs: IRENA – EQ Mag Pro
Francesco La Camera — Director-General of the International Renewable Energy Agency (IRENA) — told Daily News Egypt (DNE) that storage technology will be a priority in the coming period to ensure flexibility and balance in the renewable energy system. He explained that renewable energy is intermittent and variable, and the interconnectedness of grids in countries […]
New partnership signed to support developing countries in their renewable energy deployment – EQ Mag Pro
Vienna, Austria / Abu Dhabi, United Arab Emirates : 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 […]
How green hydrogen could alleviate global water shortages, not exacerbate them – EQ Mag Pro
Green hydrogen will play a critical role in decarbonising the planet’s energy system, but a new report has suggested it could also prove crucial for addressing global water scarcity issues, which are only expected to deepen as the climate shifts. According to a report published by the International Renewable Energy Agency (IRENA), technical green hydrogen […]
