Ambitious national commitments, international agreements, and rapid technological progress have prompted countries around the world to turn increasingly renewable energy to expand their power infrastructure.
Rising energy demand and efforts to address climate change require a significant increase in low-carbon electricity generation. Yet, concern has been raised that rapid investment in some novel technologies could cause a new set of environmental problems.
Renewable power accounted for 70% of net additions to global power generating capacity in 2017, but global energy-related carbon dioxide emissions rose 1.4% in 2017, after three years of holding steady.
The latest edition of this annual report outlines the latest developments, signs and signals in the financing of renewable power and fuels. Full of statistics, charts and narrative, it explores the issues affecting each type of investment, technology, and region.
Powerful forces are driving a green economic revolution worldwide, providing in the process a strong lever for broad-based economic development in many parts of the globe, and often re-orienting development trajectories. South Africa, having one of the most carbon-intensive economies in the world
Mongolia can use its vast renewable energy resources to bolster energy security, reduce pollution, meet global climate commitments and develop regional electricity exports, finds Mongolia Renewable Readiness Assessment prepared jointly by IRENA and Mongolian Ministry of Energy.