+
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.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code