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
Infrastructure Energy

REC Transfers HVDC Project to Power Grid

REC Limited has successfully handed over the Special Purpose Vehicle (SPV) for a High-Voltage Direct Current (HVDC) transmission project to Power Grid Corporation of India Limited (PGCIL). This strategic move aligns with the nation's objectives to strengthen its power transmission network. Key Highlights: Project Overview: The HVDC project, under the inter-state transmission system (ISTS) initiative, is a critical component of India's push toward robust and efficient electricity transmission. It aims to handle bulk power transfer across long distances while ensuring minimal losses. Role of RE..

Next Story
Infrastructure Transport

NF Railway Collaborates with IIT Guwahati

The Northeast Frontier (NF) Railway has signed strategic Memorandums of Understanding (MoUs) with IIT Guwahati to foster technological advancements and improve railway operations in the region. This partnership focuses on innovative solutions to enhance safety, efficiency, and sustainability in rail infrastructure. Key Highlights: Purpose of MoUs: The collaboration aims to leverage IIT Guwahati's expertise in technology and research for implementing cutting-edge solutions across railway operations. Key areas of focus include: Automation and digitization in maintenance. Sustainability initiati..

Next Story
Infrastructure Transport

Danapur Division Modernization Plans Revealed

The Railway Board has unveiled ambitious plans for the expansion and modernization of the Danapur Division, a critical hub under the East Central Railway. The initiative focuses on infrastructure development, enhanced passenger amenities, and operational efficiency. Key Highlights: Scope of Modernization: The Railway Board's blueprint emphasizes: Upgrading existing infrastructure to accommodate more passenger and freight traffic. Improving station facilities, such as platforms, waiting areas, and connectivity. Introducing advanced signal systems for safer and smoother operations. Freig..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000