
As renewables have become a compelling investment proposition, investment into new renewable power has grown from less than USD 50 billion per year in 2004, to about USD 300 billion per year in the recent years, exceeding investments into new fossil fuel power by a factor of three in 2018. Yet, renewable investments remain below their potential. Scaled up renewable energy investment, on the foundation of sound enabling policy frameworks, is critical to accelerate the global energy transformation and reap its many benefits, while achieving climate and development targets.
By addressing key risks and barriers, public finance, including climate finance, plays an important role in bridging the financing gap and attracting further investment from the private sector to renewables. Institutional investors, such as pension funds, insurance companies, endowments and sovereign wealth funds, have the potential to scale up major investments. IRENA’s Sustainable Energy Marketplace showcases several financial instruments and funds available to source investment for individual projects.
Meet the Permanent Representative of Tonga to IRENA
23 December 2020 | Articles
Making Green Hydrogen a Cost-Competitive Climate Solution
17 December 2020 | Press Releases
Eleventh Session of the IRENA Assembly
18 January 2021 |Virtual Event
The eleventh session of the Assembly will take place on 18 and 21 January 2021 in a virtual...
The New Generation of Decision Makers – IRENA Youth Forum @ the 11th IRENA Assembly
14 January 2021 | Virtual Event
The International Renewable Energy Agency (IRENA) organised the second edition of the IRENA Youth...
14 January 2021 | Virtual Event
The fourth edition of IRENA’s annual pre-Assembly Public-Private Dialogue took place virtually...