The International Renewable Energy Agency (IRENA) has advocated that significant investment in renewables up to 2050 could support the short-term recovery of the global economy from COVID-19 (coronavirus) while meeting long-term climate goals. In its first ever Global Renewables Outlook, IRENA said a pathway to deeper...
Renewable energy accounted for 72% of new generating capacity worldwide in 2019, according to latest figures from the International Renewable Energy Agency (IRENA). IRENA’s Renewable Capacity Statistics 2020 shows that renewable energy capacity expanded by 7.6% last year with Asia dominating growth and accounting for 54%...
The International Renewable Energy Agency (IRENA) has posited that the share of renewables in global power should more than double by 2030 to advance the global energy transformation, achieve sustainable development goals and attain climate safety. Renewable energy currently supplies 26% of global power, but IRENA’s...
Latin America and the Caribbean could grow their installed solar capacity by a factor of 40 by 2050, according to a new report by the International Renewable Energy Agency (IRENA). Annual investments of over US$7 billion would boost the region’s solar PV capacity from 7GW today...
A new report from the International Renewable Energy Agency (IRENA) has found that renewable energy is the cheapest source of electricity in many parts of the world today, following another year of falling costs across the sector. IRENA’s 'Renewable Power Generation Costs in 2018' report said...
The scale-up of renewable energy and electrification of the global transport and heavy industries sectors could result in renewables meeting 86% of the world’s power demand by 2050, according to new research from the International Renewable Energy Agency (IRENA). The IRENA report, titled Global Energy Transformation:...
The renewable energy industry created more than 500,000 new jobs in 2017 worldwide, according to latest figures from International Renewable Energy Agency (IRENA). Incorporating the half a million new jobs added last year, total employment in the renewables sector across the world now stands at 10.3...
A new report published by International Renewable Energy Agency (IRENA) has found that slow progress is being made towards green energy targets set out in the UN’s Sustainable Development Goals (SDG). The report, titled Tracking SDG7: The Energy Progress Report, warned that nations are falling short...
The European Union could stand to double the share of renewables in its energy mix by 2030 if technological advances are utilised by the sector, according to a new report. The International Renewable Energy Agency (IRENA) study found that the bloc could exceed its current target...
The rapidly falling costs associated with renewable energy sources will continue in the same vein until renewable technologies will be consistently price competitive with fossil fuels by 2020, according to a new report. The International Renewable Energy Agency (IRENA) report outlined that the cost of generating...