IRENA

The Fire Horse Energy Transition & Creative Destruction

Joseph Schumpeter wrote that creative destruction is the essential fact about capitalism. He was not describing a gentle process. He was describing waves of innovation that dismantle capital stock, reprice assets, and reorganize entire industries. In the Chinese zodiac, the Year of the Fire Horse we have just entered symbolizes … [continued]

IRENA Chief Highlights Renewable Surge and Dismisses Doubts on Energy Transition

The first day of the Singapore International Energy Week (SIEW) saw Francesco La Camera, the Director General of the International Renewable Energy Agency (IRENA), delivering a resolute address, emphasizing the unprecedented dominance of renewables in new energy projects and firmly asserting that the global energy transition is accelerating, not faltering. … [continued]

Tripling Renewables by 2030 Requires a Minimum of 16.4% Annual Growth Rate

Record growth in renewables must be significantly topped up in the remaining 7 years to meet the UAE Consensus energy target set at COP28 Abu Dhabi, United Arab Emirates — The Renewable Energy Statistics 2024 released by the International Renewable Energy Agency (IRENA) today shows that despite renewables becoming the fastest growing … [continued]

What Does A Pathway Toward More Ambitious Renewable Energy Targets Look Like?

As a necessary step to remain on track to limit global temperature increase to 1.5°C above pre-industrial levels by the end of the century, the world must achieve net zero emissions by 2050. Renewable energy targets have been variously contentious, in flux, and ambitious since the Paris Agreement. Moreover, within … [continued]