Even if all COP announcements to date were to be fully implemented, a significant CO2 emission gap would still need to be closed by 2050, according to IRENA’s World Energy Transitions Outlook 2024.
2023 saw the highest ever increase in renewable energy jobs, from 13.7 million in 2022 to 16.2 million, according to a new report by the International Renewable Energy Agency (IRENA) and the International Labour Organization (ILO).
81% of renewable additions in 2023 were cheaper than fossil fuel alternatives, offering countries a compelling business and investment case to triple renewables by 2030, according to the International Renewable Energy Agency (IRENA).
The Utilities for Net Zero Alliance (UNEZA) adopted the UNEZA Roadmap to 2030, which targets a total increase of renewable energy capacity within their portfolios to 749 GW by 2030, an increase of 2.5 times relative to 2023.
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.
A preview of the World Energy Transitions Outlook warns of a dramatic standstill and calls for a rapid course correction in the energy transition in favour of the 1.5-degree climate target. By 2030, 35 trillion US dollars would have to flow into energy efficiency, electrification and grid expansion.
SolarPower Europe’s Director of Global Affairs, Máté Heisz, takes over as chair of the Global Solar Council as announced at the 13th IRENA General Assembly in Abu Dhabi.
Around two-thirds, or 163 gigawatts, of the new green energy plants installed in the G20 countries in 2021 will have lower costs than the world's cheapest coal-fired plant. This was calculated by the International Renewable Energy Agency, or Irena.
