Funds Expand Renewable Energy in Developing Countries
It’s now easier to access loans for renewable energy projects in developing countries thanks to lower lending rates offered by the IRENA/ADFD Project Facility. The third funding cycle of the Facility is now open for project proposals, with interest rates of only 1-2% available on concessional loans. These new, lower rates will support a wider range of renewable energy projects and countries.
Spreading solar business wisdom
A glaring gap in energy access leaves about 1.3 billion people – or a fifth of the world’s population, mainly in Asia and Africa – deprived of adequate electricity. Renewable energy technologies could serve that unmet demand, driving low-carbon economic growth and sustainable prosperity. But the momentum for the change needs to come from the private sector.
Biomass moves into modernity
Throughout the world at least 2.6 billion people lack access to modern fuels for cooking and heating, relying instead on traditional biomass to meet those vital energy needs. “Traditional biomass” refers to consumption of such resources in the residential sector, typically in developing countries, through the often-unsustainable use of wood, charcoal, agricultural residues or animal dung for cooking and heating.
Project loans open investment opportunities
For fishing communities in Mauritania, refrigeration to conserve their fish has been an out of reach luxury. However, thanks to newly available loans from the Abu Dhabi Fund for
Development (ADFD), a new wind energy project will soon support ice-making to keep the catch cool, as well as provide electric lighting.
IRENA Takes REthinking Energy to UN Climate Summit
Renewable energy played a central role at the recent Climate Summit 2014, hosted
on 23 September 2014 by the United Nations Secretary-General. The Summit brought
together over 120 heads of state and government, along with ministers and leaders
from multilateral organisations, sub-national governments, the private sector and
civil society to catalyse action on climate change and mobilise political will towards
a global agreement in Paris in 2015.
Climate Summit calls for coordinated action on renewable energy
World leaders gathered in New York on 23 September to formulate practical actions
to avert a catastrophic rise in global temperatures resulting from carbon dioxide
IRENA Director-General Joins People’s Climate March, New York
Two days before world leaders and representatives from business and civil society
gathered at the United Nations for Climate Summit 2014, over 300,000 people packed
the streets of New York City for the People’s Climate March, making this the largest
climate change protest in global history.
IRENA at Climate Summit 2014
On September 23, leaders from around the world will gather at the United Nations
Headquarters in New York for Climate Summit 2014. The summit will bring together
heads of state, CEOs and leaders from international organizations and civil society
to catalyse ambitious action to address climate change. IRENA is supporting the
Climate Summit by presenting two initiatives and hosting a high-level policy dialogue.
REthinking Energy: Towards a new power system
The first edition of REthinking Energy, the flagship series from the International
Renewable Energy Agency (IRENA), analyses the transformation of the global power
sector while reviewing progress in the transition to a sustainable energy future.
Islands Empowered by Renewable Energy
The world’s small island developing states (SIDS) have rallied behind renewable
energy as a means to cut their fuel bills as well as help to ward off devastating