Renewables Could Cover More Than One-Third of Energy Demand in CESEC

Within ten years, the economies of Central and South Eastern Europe could cover 34 percentage of their rising energy demand cost-effectively with renewables, a new report by the International Renewable Energy Agency (IRENA) finds. The Renewable Energy Roadmap for the Central and South Eastern Europe Energy Connectivity initiative (CESEC), released …

Renewables Increasingly Beat Even Cheapest Coal Competitors on Cost

Renewable power is increasingly cheaper than any new electricity capacity based on fossil fuels, a new report by the International Renewable Energy Agency (IRENA) published yesterday finds. Renewable Power Generation Costs in 2019 shows that more than half of the renewable capacity added in 2019 achieved lower power costs than …

COVID-19 Intensifies the Urgency to Expand Sustainable Energy Solutions Worldwide

Despite accelerated progress over the past decade, the world will fall short of ensuring universal access to affordable, reliable, sustainable, and modern energy by 2030 unless efforts are scaled up significantly, reveals the new Tracking SDG 7: The Energy Progress Report released recently by the International Energy Agency (IEA), the …

Renewable Energy Can Support Resilient and Equitable 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, finds the first Global Renewables Outlook released by the International Renewable Energy Agency (IRENA) recently. While a pathway to deeper decarbonisation requires total …

Renewable Power ‘Already Cheapest Kind of Electricity in Many Countries’

Renewable power is already the cheapest source of electricity in many parts of the world. That’s the verdict from a new report published by the International Renewable Energy Agency (IRENA), which suggests the cost advantage of renewables will extend further as prices continue to fall in the next decade. It …

Decarbonisation ‘Must Accelerate to Stay in Line with Paris Agreement’

The shift towards a low carbon energy system must accelerate to stay in line with the goals outlined in the Paris Agreement. That’s the verdict offered in a new report from the International Renewable Energy Agency (IRENA), which suggests this is vital to keep the rise in average global temperatures …

Indonesia, Vietnam look to blaze trail for solar in Southeast Asia

Indonesia and Vietnam are looking to join Thailand in blazing a trail for solar power in Southeast Asia, introducing targets to fire up green energy generation as a landmark global agreement to curb pollution is set to take effect. Countries around the world are coming under increasing pressure to crack …