- IRENA’s target of 1 TW of new renewable capacity annually to 2030 will guide ambition for this work.
- The activities will build momentum for the dedicated global renewable energy hub at COP28.
The International Renewable Energy Agency and Global Renewables Alliance signed an MoU today to work together towards a rapid, sustainable, affordable and inclusive energy transition. The world needs renewables now, and policymakers must focus on delivering them clearly, and this partnership will help ensure that happens. IRENA’s target of 1 TW of new renewable capacity annually to 2030 will guide ambition for this work. This partnership will have a laser-targeted focus on ensuring the delivery of renewable energy worldwide and support policymakers in overcoming barriers that hinder the rapid growth in renewables that the world needs to stay on the 1.5°C pathway.
COP28 represents a significant chance for the world to get on track to meet our climate goals. IRENA and GRA will collaborate on various initiatives, including raising awareness on the high-impact corporate sourcing of renewable energy, including hourly matching (24/7 Carbon Free Energy). The activities will build momentum for the dedicated global renewable energy hub at COP28. The work carried out at this pioneering hub will deliver leadership to ensure actual implementation. They are bringing collaboration among governments, industry and other key stakeholders worldwide to the heart of COP28 to support holistic, clean energy solutions delivering energy transitions globally.
Francesco La Camera, Director-General of the International Renewable Energy Agency, said: “It is a pleasure to take this significant step with the Alliance, as some of its founding members have been an active part of the IRENA Coalition for Action’s family.” Also, Bruce Douglas, CEO of the Global Renewables Alliance, said: “It is vital that industry and governments now work together to accelerate renewable energy deployment. GRA are therefore delighted to collaborate with IRENA in this critical year for the transition.”