The synergies between electrification of end-use sectors and accelerated renewables deployment are very strong. But during the conference it was stressed that smart approaches to electrification are crucial to harness the synergies. 

Renewable power generation costs continue to fall despite inflation. 

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.