This brief from IRENA's Collaborative Framework on Ocean Energy and Offshore Renewables presents actionable solutions to address permitting bottlenecks and accelerate related processes for scaling up offshore wind deployment.

The fossil fuel price crisis has accelerated the competitiveness of renewable power. Around 86 per cent (187 gigawatts) of all the newly commissioned renewable capacity in 2022 had lower costs than fossil fuel-fired electricity.

Firm capacity assesses the contribution of a power plant to meeting demand during critical conditions.

Achieving a circular steel sector requires improved material and process efficiency; increased steel recycling; and the adoption of renewable energy sources for steel production. This report provides a comprehensive analysis of the challenges and opportunities associated with improving circularity in the sector.

This report explores the potential socio-economic impacts of the energy transition in Southeast Asia. It shows that an ambitious energy transition will deliver a broad range of beneficial socio-economic outcomes for the region. Southeast Asia has witnessed impressive economic growth in the past three decades.

The energy transition requires a dramatic increase in the supply of critical materials, yet their supplies chains remain vulnerable to a range of geopolitical risks. While there is no scarcity of reserves for energy transition minerals, global capabilities for mining and refining them are limited.

The International Renewable Energy Agency (IRENA) produces comprehensive, reliable datasets on renewable energy capacity and use worldwide.

The International Renewable Energy Agency (IRENA) has released its World Energy Transitions Outlook (WETO) 2023, emphasizing the urgent need for a significant increase in renewable power capacity. The report highlights the importance of tripling annual renewable power additions by 2030 to stay on track with the 1.5°C climate target set by the Paris Agreement.

Electrifying the use of energy in industry, transport and buildings with renewables is a cost-effective way to decarbonise end-use sectors, increase security of supply, reduce dependency of imported fossil fuels and mitigate risks of fuel prices volatility as experienced in recent years.

The need to scale up the deployment of technologies such as green hydrogen, energy storage and offshore wind has become increasingly critical to the success of the global energy transition and to meeting global climate goals. To this end, access to low-cost capital for project financing in G20 Member Countries and beyond is vital.