+
Faster Renewable Expansion Needed: IRENA
POWER & RENEWABLE ENERGY

Faster Renewable Expansion Needed: IRENA

The International Renewable Energy Agency (IRENA) has emphasized the urgent need for an accelerated expansion of renewable energy to meet global 2030 targets, as reported by the Economic Times. According to IRENA, current efforts are insufficient, and a substantial increase in the deployment of renewable energy technologies is crucial to achieving climate goals and ensuring sustainable development.

IRENA's latest report highlights that despite progress in renewable energy adoption, the pace of growth must triple to align with the targets set in the Paris Agreement. The report stresses that renewable energy sources such as solar, wind, and hydropower must be scaled up rapidly to mitigate the impacts of climate change and transition to a low-carbon economy.

One of the key challenges identified by IRENA is the need for substantial investment in renewable energy infrastructure. This includes not only the installation of new renewable energy capacity but also the enhancement of grid infrastructure and storage solutions to manage the variability of renewable energy sources. The agency calls for coordinated efforts from governments, private sector entities, and financial institutions to mobilize the necessary capital and resources.

Furthermore, IRENA underscores the importance of supportive policies and regulatory frameworks to facilitate the rapid deployment of renewable energy technologies. These policies should include incentives for renewable energy projects, streamlined permitting processes, and mechanisms to integrate renewable energy into existing energy systems.

The report also highlights the role of technological innovation in driving the expansion of renewable energy. Advances in energy storage, grid management, and renewable energy technologies can significantly enhance the efficiency and reliability of renewable energy systems, making them more viable and cost-effective.

IRENA's call to action comes at a critical time as the world faces the dual challenges of climate change and energy security. By accelerating the transition to renewable energy, countries can reduce greenhouse gas emissions, create sustainable economic opportunities, and improve energy access for millions of people worldwide.

The International Renewable Energy Agency (IRENA) has emphasized the urgent need for an accelerated expansion of renewable energy to meet global 2030 targets, as reported by the Economic Times. According to IRENA, current efforts are insufficient, and a substantial increase in the deployment of renewable energy technologies is crucial to achieving climate goals and ensuring sustainable development. IRENA's latest report highlights that despite progress in renewable energy adoption, the pace of growth must triple to align with the targets set in the Paris Agreement. The report stresses that renewable energy sources such as solar, wind, and hydropower must be scaled up rapidly to mitigate the impacts of climate change and transition to a low-carbon economy. One of the key challenges identified by IRENA is the need for substantial investment in renewable energy infrastructure. This includes not only the installation of new renewable energy capacity but also the enhancement of grid infrastructure and storage solutions to manage the variability of renewable energy sources. The agency calls for coordinated efforts from governments, private sector entities, and financial institutions to mobilize the necessary capital and resources. Furthermore, IRENA underscores the importance of supportive policies and regulatory frameworks to facilitate the rapid deployment of renewable energy technologies. These policies should include incentives for renewable energy projects, streamlined permitting processes, and mechanisms to integrate renewable energy into existing energy systems. The report also highlights the role of technological innovation in driving the expansion of renewable energy. Advances in energy storage, grid management, and renewable energy technologies can significantly enhance the efficiency and reliability of renewable energy systems, making them more viable and cost-effective. IRENA's call to action comes at a critical time as the world faces the dual challenges of climate change and energy security. By accelerating the transition to renewable energy, countries can reduce greenhouse gas emissions, create sustainable economic opportunities, and improve energy access for millions of people worldwide.

Next Story
Real Estate

MoHUA Sanctions 1.47 Lakh Additional Houses Under PMAY-U 2.0

In a major push towards the Government’s Housing for All mission, the Ministry of Housing and Urban Affairs (MoHUA) has approved 1,46,582 additional pucca houses under Pradhan Mantri Awas Yojana – Urban 2.0 (PMAY-U 2.0) for 14 States/UTs, bringing total sanctions under the revamped scheme to 8.56 lakh.The decision came during the fourth meeting of the Central Sanctioning and Monitoring Committee (CSMC), chaired by Srinivas Katikithala, Secretary, MoHUA, at the Ministry’s Kasturba Gandhi Marg office. Senior officials, State Principal Secretaries, and PMAY-U Mission Directors participated ..

Next Story
Real Estate

Piyush Goyal Inaugurates Expanded ISA Building at Intellectual Property Office

Union Minister of Commerce and Industry, Piyush Goyal, today inaugurated the newly expanded International Searching Authority (ISA) building at the Intellectual Property Office (IPO) in Dwarka, New Delhi, marking a major step forward in India’s intellectual property ecosystem.Addressing the gathering, Goyal highlighted that innovation has been central to India’s heritage for centuries, citing the engineering brilliance of the Konark Temple as a historic example. He emphasised that innovation is not just intellectual property but a symbol of sovereignty, and a key driver in India’s journe..

Next Story
Real Estate

SIEGER Boosts Automation in Mumbai Realty

SIEGER, a leading automation solutions provider, is expanding its advanced manufacturing capabilities to meet the surging demand for precision, high-speed automation in Mumbai’s rapidly growing real estate sector.Operating from a 21,000 m² advanced production hub in Coimbatore—part of a 40,000 m² integrated campus—SIEGER offers complete solutions from design and prototyping to manufacturing and deployment. The fully digitalised facility features CNC machining, QR-coded component tracking, conveyorized powder coating, and a Government of India–certified R&D centre, ensuring unmatc..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?