International Renewable Energy Agency (IRENA)

⚡ International Renewable Energy Agency (IRENA)’s Renewable Energy Statistics 2024 is out! 📉 While renewables are the fastest-growing power source, achieving the #COP28’s #3xRenewables target remains a challenge. 🎯 To meet this goal, global #renewables capacity needs to grow at a minimum annual rate of 16.4% through 2030, supported by effective policy actions and significant mobilisation of finance. Learn more from the latest Renewable Energy Statistics report by IRENA ⬇ https://lnkd.in/g6xrUZcW 

Have you subscribed to International Renewable Energy Agency (IRENA)'s newsletter yet? This month's edition expands on👇 ✅Role of skills, finance and international collaboration as key enablers for overcoming barriers to the #EnergyTransition ✅Upcoming APRA Investment Forum in Kenya ✅Featured publications and more. Subscribe now⤵️ https://lnkd.in/grE7WXpF

In recent years, amid alarming geopolitical turmoil and a global pandemic, the inherent vulnerabilities of traditional energy sources have been starkly exposed to the developed world. For many developing nations, however, price volatility, supply shortages, and geopolitical dependencies are not temporary disruptions but enduring realities. The transition to a renewables-based energy system addresses many of those issues, moving energy dependencies from the global to the regional level and making most countries less susceptible to geopolitical disruptions. However, while energy security options will become more diverse, the energy system will also grow more complex, given the wide range of technologies and participants involved. As governments make substantial investments in infrastructure that is increasingly electrified, digitalised, and decentralised, it is essential that decision makers do not simply transpose outdated paradigms from the fossil fuel era onto these emerging systems. IRENA's report, "Geopolitics of the Energy Transition: Energy Security", explores specific issues that should be systematically considered to guide national decision-making in navigating the existing and emergent challenges of a highly complex and integrated new energy system. 👇

In continuation of our “Meet the NewGen” campaign, we met with Ibrahim Afridi from Greenova8. We asked him about his dreams, aspirations and his growth plan for the upcoming future. “Our dream is to make renewable energy investments accessible to everyone, while empowering individuals to contribute to a sustainable, low-carbon future. We're achieving this by creating Greenova8, a #renewableenergy #investment blockchain-based platform that connects investors with renewable energy projects like #solar or #wind farms. Our current focus is Pakistan, with plans to expand globally and drive #sustainable energy adoption.” And when asked about his expectations from International Renewable Energy Agency (IRENA)'s NewGen accelerator and its network, he added, "We aspire to collaborate with IRENA and its network to amplify our impact, share insights, and accelerate the global transition to renewable energy. We’re looking to partner with impact investors, renewable energy innovators, and sustainability-focused organizations to scale Greenova8 and transform the renewable energy landscape." The NewGen Renewable Energy Accelerator Programme for Youth is an initiative that was established by IRENA, with the support of the United Arab Emirates and in partnership with Enel Foundation and Social Alpha as Knowledge Partners. The NewGen Accelerator aims to support global young entrepreneurs to accelerate their innovation and clean technologies, realise growth potential and impact in their respective markets and economies. 🤝 Connect with NewGen and subscribe to our Youth emailing list to stay updated on upcoming Youth Engagement events and opportunities. https://bit.ly/3LOoj16 #Pakistan #Asia #Youth #Innovations #Renewable_Energy #Renewable_energy

⌛ One month to go for the first ever Global Renewables Summit to be held on the margins of #ClimateWeekNYC and 79th #UNGA. Stay tuned for more information on International Renewable Energy Agency (IRENA)'s presence during the summit. 👇

The Global Renewables Summit 2024 kicks off in September during #ClimateWeekNYC and the 79th #UNGA. With a programme full of high-level discussions, the summit will cover topics ranging from #finance to #NDCs and feature leaders from industry, governments, the private sector, philanthropy, NGOs, international organisations, and academia. As organising partner of the Summit, International Renewable Energy Agency (IRENA) will hold key discussions to mobilise real action on the #3xRenewables target. Stay tuned ⌛ Learn more: bit.ly/4cjFVh6

𝐈𝐧𝐭'𝐥 𝐂𝐨𝐥𝐥𝐚𝐛𝐨𝐫𝐚𝐭𝐢𝐨𝐧 𝐟𝐨𝐫 #𝟑𝐱𝐑𝐞𝐧𝐞𝐰𝐚𝐛𝐥𝐞𝐬 Uneven progress of the #EnergyTransition across the 🌏highlights the need for increased support for developing countries. The final article of the enabler series explores the central role of international collaboration in scaling up #renewables in these countries. ⤵️ https://lnkd.in/grxYAZXW

𝐈𝐧𝐭'𝐥 𝐂𝐨𝐥𝐥𝐚𝐛𝐨𝐫𝐚𝐭𝐢𝐨𝐧 𝐟𝐨𝐫 #𝟑𝐱𝐑𝐞𝐧𝐞𝐰𝐚𝐛𝐥𝐞𝐬 With high energy consumption and carbon emission, the industry has a big role in decarbonising its sector through increased #renewables use. Putting renewables as its main focus area, the Alliance for Industry Decarbonization aims to accelerate the #EnergyTransition with strong international collaboration.👇   https://lnkd.in/dA5fVPYU

𝐈𝐧𝐭'𝐥 𝐂𝐨𝐥𝐥𝐚𝐛𝐨𝐫𝐚𝐭𝐢𝐨𝐧 𝐟𝐨𝐫 #𝟑𝐱𝐑𝐞𝐧𝐞𝐰𝐚𝐛𝐥𝐞𝐬 International Renewable Energy Agency (IRENA) analysis assumes 2 funding sources for international collaboration: country contributions and wealth tax. Both contribute to bridge the welfare gaps in developing countries, through policy-related investments and social spending. Learn more: https://lnkd.in/eYQPAw7v

𝐈𝐧𝐭'𝐥 𝐂𝐨𝐥𝐥𝐚𝐛𝐨𝐫𝐚𝐭𝐢𝐨𝐧 𝐟𝐨𝐫 #𝟑𝐱𝐑𝐞𝐧𝐞𝐰𝐚𝐛𝐥𝐞𝐬 The Accelerated Partnership for Renewables in Africa is an international alliance led by African countries with high #renewables ambitions. It leverages political leadership to drive action, innovation and new models of collaboration. Learn more👉 bit.ly/4fI6KxB