IRENA analysis shows region can pursue more ambitious energy transition agenda, gaining cost benefits while achieving socio-economic and climate objectives.

Report suggests need for comprehensive policy framework towards an African Green Deal to overcome structural dependencies, raise GDP by 6.4% and create 26 million jobs by 2050.

Renewables remain competitive despite fossil fuel prices returning closer to historical cost levels, concludes Renewable Power Generation Costs in 2023, released by the International Renewable Energy Agency (IRENA) at the Global Renewables Summit during the UN General Assembly in New York today.

Renewable Power Generation Costs in 2022, published by the International Renewable Energy Agency (IRENA) shows that the renewable power added in 2022 reduced the fuel bill of the electricity sector worldwide.