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

The International Renewable Energy Agency (IRENA) has released a new policy report that provides governments with a set of recommendations to align immediate economic recovery efforts with long-term objectives of the Paris Agreement and the UN Sustainable Development Agenda.

According to the latest cost data from the International Renewable Energy Agency (IRENA), the global weighted-average levelised cost of electricity (LCOE) of utility-scale solar photovoltaics (PV) fell 82% between 2010 and 2019, while that of concentrating solar power (CSP) fell 47%, onshore wind by 39% and offshore wind at 29%, the IRENA Renewa

Despite accelerated progress over the past decade, the world will fall short of ensuring universal access to affordable, reliable, sustainable, and modern energy by 2030 unless efforts are scaled up significantly, reveals the new Tracking SDG 7: The Energy Progress Report released on 28 May, 2020 by the International Energy Agency (IEA) the Inte

This new report by IRENA shows the path to create a sustainable future energy system. It highlights climate-safe investment options until 2050, the policy framework needed for the transition and the challenges faced by different regions.

Despite the prevalence of subsidies throughout the energy system, the sector lacks any systematically applied, standardised definition of what subsidies are.

Electricity storage could be a crucial factor in the world’s transition to sustainable energy systems based on renewable sources. Yet electricity markets frequently fail to account properly for the system value of storage.

The growth in renewable energy jobs is the logical result of the increasing deployment of renewables – a development underpinned by falling costs and supportive policies. Renewables account for more than half of all capacity additions in the global power sector since 2011 and their share in total power generation has steadily increased.

As the renewable energy sector matures, policies must be adapted to reflect changing market conditions. With the increasing use of auctions, policymakers seek to procure renewables-based electricity at the lowest price and also fulfil socio-economic objectives.

Countries seeking to scale up renewables can draw on the bond market, including the growing range of securities dedicated to sustainable, environmentally beneficial, climate-safe project finance. Renewable energy has emerged as a major recipient of such green bond proceeds.