Tripling Renewables Investment to Reach Climate Goal

Global renewable energy investment increased between 2013 and 2018, reaching its peak at USD 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 …

Renewable Energy Jobs Continue Growth to 11.5 Million Worldwide

Renewable energy continues to bring socio-economic benefits by creating numerous jobs worldwide, according to the latest figures released by the International Renewable Energy Agency (IRENA) today. The seventh edition of Renewable Energy and Jobs – Annual Review shows that jobs in the sector reached 11.5 million globally last year, led …

Pakistan Can Spur Social & Economic Development With Renewable Energy, Claims IRENA

The International Renewable Energy Agency has published a new analysis of Pakistan’s energy sector which shows that the country can spur both social and economic development and improve its energy security by developing its “abundant” renewable energy sources. In a new report published earlier this week, Renewables Readiness Assessment Pakistan, …

Brazil Seeks to Join International Renewable Energy Agency

Last month, Brazil announced its intention to begin the process of becoming a full Member of the International Renewable Energy Agency, and this month the Agency has welcomed Brazil’s intentions, saying the decision “reflects the country’s strong commitment to multilateralism and sustainable energy.” Brazil’s Minister of Mines and Energy, Fernando …

McKinsey: Renewables and EV Boom will Struggle to Move World Onto 2C Pathway

Renewables are set to dominate the global energy market and demand for electric vehicles will soar over the next decade, but neither industry will make fast enough progress to ensure the world meets targets to limit temperature increases to well below 2C this century. That is the stark warning from …

All Renewables Will Be Cost Competitive With Fossil Fuels by 2020

Generating electricity from renewable energy sources is not only better for the environment compared to fossil fuels, but it will also be consistently cheaper in just a few years, according to a new report. According to a cost analysis from the International Renewable Energy Agency (IRENA), the best onshore wind …

Geothermal Energy Could Support Central American Low-Carbon Economic Development

The vast geothermal potential throughout Central America could be a key tool in the low-carbon economic development of the region according to the International Renewable Energy Agency. Central American countries currently rank among the world’s top countries in terms of installed geothermal energy share, but have the potential to increase …