As global energy transition investment reached a record USD 2.4 trillion in 2024, significant gaps remain in funding for key technologies and regions, underscoring the need for impact-driven finance and stronger public sector leadership to ensure all countries can meet the 2030 target of tripling renewable power capacity.
At COP30 in Belém, the International Renewable Energy Agency (IRENA) launched progress-tracking reports, provided climate support to countries, and identified five priority areas including implementation, grids, finance, supply chains, and workforce to accelerate the energy transition toward 1.5°C goals.
Global investments in the energy transition reached a new record of USD 2.4 trillion in 2024 – a 20% increase from the average annual levels of 2022/23.
Global utilities today unveiled upgraded annual investment plans that will see energy transition spend rise to US $148 billion per year, up from previously stated ambitions of US $117 billion. The plans revealed by members of the Utilities for Net Zero Alliance (UNEZA) today at COP30, will see a group of the world’s leading utilities mobilise more than USD 1 trillion in energy transition investments to 2030 since establishment at COP28.
As the renewable energy sector races to create over 100 million jobs by 2030, there is an opportunity to ensure people worldwide, particularly youth, women, and underrepresented groups, have the skills and training needed to deliver the energy transition and benefit from its opportunities.
As only 72 countries have submitted NDC 3.0 targeting 6.9 TW of renewable capacity by 2030, falling short of the 11.2 TW tripling goal, there is an urgent opportunity through increased climate finance to bridge the gap, particularly for LDCs, SIDS, and Sub-Saharan Africa requiring USD 117 billion in external funding.
South America’s shift towards renewable energy can unlock new opportunities and drive sustained progress, according to the new Regional Energy Transition Outlook South America released by the International Renewable Energy Agency (IRENA) at the United Nations Climate Conference COP30 in Belém, Brazil.
Tripling renewable energy by 2030 is transforming lives across agriculture, healthcare, small businesses, fisheries, and education, driving sustainable development and economic growth in communities worldwide.
Digitalisation and artificial intelligence-based applications are becoming gamechangers for the energy transition. They cut electricity costs for end-users, increase energy security, improve business performance, and help integrate low-cost renewables, according to a new report.
The International Renewable Energy Agency (IRENA) convenes its 30th Council meeting tomorrow in Abu Dhabi to review progress on the Agency’s work and consider collective priorities to accelerate the global energy transition, as preparations advance for COP30 and the 16th IRENA Assembly.
Accelerating the energy transition could boost the region’s GDP, showing that sustainable growth is possible.
During Singapore International Energy Week, Southeast Asia united under the Accelerated Partnership for Renewables in Southeast Asia (APRESA) to drive renewable energy investment, grid interconnection, and green jobs across the region.
APRA's Second Investment Forum in Freetown brought together African governments, investors, and development partners to accelerate renewable energy deployment across the continent through practical project facilitation and investment mobilisation.
Today, the International Renewable Energy Agency (IRENA) and the Government of Sierra Leone officially launch the second Accelerated Partnership for Renewables in Africa (APRA) Investment Forum aimed at scaling up investments to advance the energy transition and green industrialisation across APRA countries.
The world is falling behind on its renewable energy and efficiency goals despite record progress last year, confirms a new report released today by the International Renewable Energy Agency (IRENA), the COP30 Brazilian Presidency, and the Global Renewables Alliance (GRA) during a pre-COP30 high-level event in Brasília.
The International Union for Conservation of Nature (IUCN) and the International Renewable Energy Agency (IRENA) today signed a Memorandum of Understanding (MoU) at the IUCN World Conservation Congress.
A new report by the International Renewable Energy Agency (IRENA) finds that women hold 32% of full-time jobs in the renewables sector.
NewGen 2025 sees the participation of an inspiring group of 13 startups tackling urgent energy challenges across emerging markets.
Never before has New York climate week attracted so many people.
China, the world's biggest source of planet-warming gases, has for the first time committed to an absolute target to cut its emissions.
Brazilian President Luiz Inácio Lula da Silva and 16 other heads of state and government signed a joint letter on Monday (Sep. 22) in defense of a fair and equitable energy transition.
Grid infrastructure modernisation offers the global power sector significant opportunities for large-scale renewable energy integration through strategic investment, extensive planning, and coordination of multiple stakeholders, to reach the ambitious target of 11.2 terawatts of renewables capacity by 2030.
A coalition of governments from Europe, Africa, Latin America and the Caribbean will join forces to warn that countries most affected by climate change will be left behind in the green energy transition without new funding instruments.
An exceptional group of government leaders, private sector executives, and figureheads from civil society financiers came together today for the High-Level Session on Renewable Energy Abundance, a flagship event of Climate Week NYC and the high-level opening of the Global Renewables Summit.
The International Renewable Energy Agency (IRENA) and the International Civil Aviation Organization (ICAO) launched ‘Finvest@ETAF’ to support Sustainable Aviation Fuels (SAF) and clean aviation energy projects globally.