IRENA: Renewable power ‘remains cost-competitive’ amid fossil fuel crisis
Costs for renewables continued to fall in 2021 as supply chain challenges and rising commodity prices have yet to show their full impact on project costs – the cost of electricity from onshore wind fell by 15%, offshore wind by 13% and solar PV by 13% compared to 2020. Renewable Power Generation Costs in 2021, […]
Renewables dominated global power additions in 2021
Data released by the International Renewable Energy Agency (IRENA) shows that renewable energy continued to grow and gain momentum despite global uncertainties. By the end of 2021, global renewable generation capacity amounted to 3 064 Gigawatt (GW), increasing the stock of renewable power by 9.1 per cent. Although hydropower accounted for the largest share of […]
COP26: Calls to accelerate renewable energy job creation
More than 130 renewable energy leaders, under the auspices of the International Renewable Energy Agency (IRENA) Coalition for Action, have launched a Call to Action for COP26, encouraging all governments at national, regional, and local levels to ensure access to high-quality, sustainable jobs during the energy transition. Limiting the earth’s temperature rise to 1.5oC by […]
Renewable energy employing 12 million globally
Renewable energy employment worldwide reached 12 million last year, up from 11.5 million in 2019, according to the eighth edition of Renewable Energy and Jobs: Annual Review 2021. The report was released by the International Renewable Energy Agency (IRENA) in collaboration with the International Labour Organization (ILO) at a high-level opening of IRENA’s Collaborative Framework […]
IRENA lays out path to sustainable, climate-friendly growth for business
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 Renewable Energy Agency (IRENA) shows. The Agency’s 1.5°C pathway foresees the creation of up to 122 million energy-related jobs in 2050, more than double today’s […]
IRENA: Tripling renewables investment ‘to reach climate goal’
Global renewable energy investment increased between 2013 and 2018, reaching its peak at $351 billion in 2017, according to a new report by the International Renewable Energy Agency (IRENA) and Climate Policy Initiative (CPI). The 2020 edition of Global Landscape of Renewable Energy Finance highlights however, that while a cumulative $1.8 trillion were invested during the […]
IRENA:Renewable energy can support coronavirus recovery
Advancing the renewables-based energy transformation is an opportunity to meet international climate goals while boosting economic growth, creating millions of jobs and improving human welfare by 2050. That’s according to the first Global Renewables Outlook from the International Renewable Energy Agency (IRENA), which concludes that while a pathway to deeper decarbonisation requires total energy investment up to […]
Renewable energy now employs 11m people globally
Eleven million people were employed in renewable energy in 2018, compared with 10.3 million in 2017, according the International Renewable Energy Agency (IRENA). The organisation says that until now, renewable energy industries have remained relatively concentrated in a handful of major markets, such as China, the United States and the European Union. However, East and […]
Falling cost of renewables ‘boosts climate ambitions’
Renewable power is the cheapest source of electricity in many parts of the world already today. That’s according to the latest report from the International Renewable Energy Agency (IRENA). The report contributes to the international discussion on raising climate action worldwide, ahead of Abu Dhabi’s global preparatory meeting for the United Nations Climate Action Summit in September. […]