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Showing posts with the label renewables

IRENA - 91% of New Renewable Projects Now Cheaper Than Fossil Fuels Alternatives

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  PRESS RELEASE   91% of New Renewable Projects Now Cheaper Than Fossil Fuels Alternatives   New IRENA report confirms cost-competitiveness of renewables; warns of mounting grid integration and financing challenges notably in emerging and capital-constrained markets     Abu Dhabi, United Arab Emirates, 22 July 2025  - Renewables maintain their cost leadership in global power markets, IRENA’s new report on Renewable Power Generation Costs in 2024 confirms.  Th...

G7 Countries Task IRENA to Monitor Group’s Renewable Energy Progress

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  PRESS RELEASE from IRENA     Communiquรฉ from G7 Ministers’ Meeting on Energy, Climate and Environment calls on IRENA to track the group’s collective contribution to COP28’s global target to triple renewables by 2030 Abu Dhabi, United Arab Emirates, 30 April 2024  - Today, G7 leaders tasked the International Renewable Energy Agency (IRENA) to track and monitor the group’s collective contribution toward the global renewable tripling target by 2030. The target was established by the UAE Consensus last November at COP28, aligning global climate ambitions with IRENA’s 1.5°C pathway, mapped out by the Agency’s World Energy Transitions Outlook . “Trust and transparency go hand in hand,” said IRENA Director-General Francesco La Camera, who is attending the G7 Ministers’ Meeting on Climate, Energy and Environment. “IRENA will respond swiftly to the request by ...

Guest blog: The power and freedom of net zero

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 Guest blog b y Nigel Topping, UN High-Level ClimateAction Champion for COP26  A world driven by hydrocarbons is a more conflict driven world. The adoption of the  Versailles Declaration  – where EU Member States asked the Commission to prepare a detailed plan by the end of May to cut gas dependency – is a signal that this crisis can and must accelerate, rather than derail, the march towards cheaper, more secure, clean energy. The reasons for this are well known but have become blurred recently amid some calls to ramp up oil and gas exploration and production to fill the gap left by Russia. Such calls mistake a short-term political reflex with the structural changes driving the long-term direction of travel. As the  International Energy Agency  has made clear, responses to the emerging energy crisis do not need to – and indeed should not – compromise our international climate goals, which means no new oil and gas exploration and development this ce...