IRENA in the News

Nigeria is oil rich and energy poor. It can't wait around for cheaper batteries

Should Nigeria's natural riches remain in the ground? Africa is well positioned to benefit. The continent's estimated potential to generate renewable energy from existing technologies is 1,000 times larger than its projected demand for electricity in 2040, according to IRENA.

  • Date: 03 November 2021
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  • Source: CNN

Argentina, Fortescue unveil $8.4 bln green hydrogen investment plan

Australian mining billionaire Andrew Forrest is planning what could be up to an $8.4 billion "green hydrogen" investment in Argentina, the South American country's government said on Monday after a meeting between the businessman and President Alberto Fernandez. The International Renewable Energy Agency has forecast rapid growth in coming years.

  • Date: 02 November 2021
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  • Source: Reuters

Only capitalists can save the climate (German)

Money is there – but it is not where it is needed in the fight against climate change. If Europe wants to achieve its emissions targets, the EU must finally complete the Capital Markets Union. Everyone is talking about the climate this week. It is time for us to finally talk about capital. According to calculations by the International Renewable Energy Agency (IRENA), around $131 trillion will be needed worldwide to rebuild the global economy so that global CO2 emissions will fall to zero by 2050.

When It Comes To Correcting Climate Change, Should The Free Market Or The Government Take The Lead? (Subscription)

If COP26’s mission is to limit temperature increases to 2 degrees Celsius by mid-century, free marketers say that it will fail. The international trend is to throw money at clean energy solutions, they say — a far less effective remedy than relying on tax reductions for qualifying businesses. According to IRENA, investment in the clean energy sector is now at $330 billion a year.

  • Date: 01 November 2021
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  • Source: Forbes

A $6.7B Investment In Renewable Energy Could End Lebanon's Electricity Shortage

Mired in political and economic deadlock, Lebanon remains in the grip of several crises, which the persistent global pandemic has exacerbated. In June, the World Bank described Lebanon's ongoing depression as "one most severe crises episodes globally since the mid-nineteenth century." According to International Renewable Energy Agency’s (IRENA) web platform, Global Atlas for Renewable Energy, the average annual solar irradiation in Lebanon ranges between 1,520 kWh/m2/year and 2,148 kWh/m2/year. Most areas in Lebanon receive more than 1,900 kWh/m2/year, making the country an ideal candidate for electric generation through solar power.

Green energy: Shifting from fossil fuels to sun, wind & water

South-east Asia targets renewable energy sources in a bid to fight climate change. The International Renewable Energy Agency’s Global Renewables Outlook report believes that with continued cost reductions, South-east Asia could meet 41 per cent of all its energy needs from renewable sources by 2030, and in doing so, even create 6.7 million new green jobs by 2050.

European sunshine fuels solar power record (Subscription)

Solar panels produced almost a tenth of the EU’s electricity in June and July. The International Renewable Energy Agency said this year that the amount of renewable energy added to global power systems that was cheaper than fossil fuel alternatives doubled in 2020 compared to the previous year. Onshore wind and solar facilities, in particular, had undercut new fossil fuel alternatives, it said.

Used Solar Panels Are Powering the Developing World (Subscription + Opinion)

Across the developing world, homeowners, farmers, and businesses are turning to cheap, secondhand solar to fill power gaps left by governments and utilities. In 2016, the International Renewable Energy Agency estimated that as much as 78 million tons of solar-panel waste will be generated by 2050.

The obstacle course of green hydrogen (Italian)

The bottlenecks on the path towards sustainable hydrogen are technological, economic, regulatory. A report from the International Renewable Energy Agency (IRENA) last year, while very optimistic about the broad future development of PEM technology, states that "the scarcity of materials can prevent the reduction of costs and the growth of the electrolyser market".

Vietnam is Asia’s next green energy powerhouse. Here’s why.

Vietnam has shown the world its capability to accelerate clean energy solutions. Separate statistics by the International Renewable Energy Agency (IRENA), show Vietnam, as of the end of 2020, to be within the top 10 countries in the world with the highest capacity of solar energy installed.

The indispensable role of biomass in the next renewable auctions (Opinion + Spanish)

This is the only renewable energy completely independent of the weather conditions. According to the report by IRENA (International Renewable Energy Agency) Innovation Outlook, Thermal Energy Storage, published in November 2020, thermal storage could play a key role.

Significant growth in use of rooftop photovoltaic power stations

The Ministry of Energy and Mineral Resources (ESDM) highlighted substantial growth in the use of rooftop photovoltaic power stations in Indonesia. "The International Renewable Energy Agency or IRENA recorded that solar power plant investment costs had declined by more than 80 percent in the last decade," Kusdiana pointed out.

The End of Coal Is Coming Sooner Than You Think (Subscription)

Recent months have shown the consequences of decades of climate failure: heat waves, wildfires, and floods. Rising disaster has come just as the world’s climate scientists are loudly reaffirming a hard truth in the Intergovernmental Panel on Climate Change’s (IPCC) sixth assessment report: The opportunities to stop the warming that’s already harming communities worldwide are narrowing—and fast. A recent report from the International Renewable Energy Agency found that around 800 gigawatts of coal plants—about 40 percent of total global capacity—could be retired and replaced with wind and solar at a significantly lower cost—and that includes the cost of installing those new technologies.

A new UN climate report could not be clearer - we must act now (Opinion)

Recent months have told a frightening tale of fire and water. But to get there, a report by the International Renewable Energy Agency (Irena) titled The World Energy Transitions Outlook says investments in the energy transition will need to increase by 30 per cent more than current planned investment levels. A total of $131tn is needed between now and 2050.

'This must sound a death knell for coal and fossil fuels, before they destroy our planet'

UN chief pulls no punches as renewables sector says devastating IPCC study on climate emergency must mean faster, deeper energy transition. Francesco La Camera, Director General of the International Renewable Energy Agency said: “Choices we make today will have a far-reaching impact. Only an energy transition grounded in renewable & efficient technologies gives us a realistic option for a climate-safe world.”

  • Date: 09 August 2021
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  • Source: Recharge

An action agenda for Africa's electricity sector (Subscription)

To meet the needs of a growing population in a manner that is socially equitable, economically viable, and environmentally sustainable, Africa's electricity sector will require a major transformation. Overcoming the barriers to interconnected mini-grid development requires national governments to clarify licensing procedures and tariff regulations and ultimately establish unambiguous tariff levels for the various interconnection options, a set of tasks that can be facilitated by the International Renewable Energy Agency.

  • Date: 06 August 2021
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  • Source: Science

Can low-income countries leapfrog to clean energy technologies?

The world has an energy dilemma. On the one hand, we need to drastically clean up energy use in higher-income countries to tackle climate change. According to a recent report by the International Renewable Energy Agency, the cost of large-scale solar has fallen by 85 per cent in the past decade, while wind power costs have fallen by about 50 per cent. The conventional assumption that fossil fuel electricity is cheaper is now on its way out, as is the idea that improved access is all about centralised electricity grids.

Net zero will cost more than $30trn – but who will pay?

Limiting global heating urgently requires investment if even greater costs are to be avoided in future. The International Renewable Energy Agency (IRENA) offers a lump sum: $33trn over the period from now to 2050.

Renewables were the cheapest source of energy in the world in 2020 (Spanish)

According to the International Renewable Energy Agency, almost two-thirds (62%) of renewables were cheaper last year than the cheapest fossil fuel.

Asking right questions to overcome climate crisis (Opinion)

Renewable energy is the proven, faster, cheaper, safer and cleaner option for supplying electricity without exacerbating the climate crisis. These qualities are why the share of renewables in the global capacity expansion in 2020 was 82 percent, according to the International Renewable Energy Agency (IRENA).