The International Renewable Energy Agency (IRENA) is an intergovernmental organization that promotes the widespread adoption and sustainable use of renewable energy worldwide.

Key Matters and Considerations in ESG

Here are some key points about IRENA:

– Establishment: IRENA was established in 2009 and is headquartered in Abu Dhabi, United Arab Emirates. It is an independent international organization that serves as a global platform for cooperation, knowledge sharing, and policy development in the field of renewable energy.

– Membership: IRENA has a growing membership of 165 countries, making it one of the largest international organizations in terms of membership in the energy sector. Member countries include both developed and developing nations, and they collaborate to accelerate the transition to a sustainable energy future.

– Objectives: The primary objective of IRENA is to support the widespread adoption and sustainable use of renewable energy globally. It aims to promote the development, deployment, and investment in renewable energy technologies, as well as provide policy advice and technical assistance to member countries.

– Activities: IRENA undertakes various activities to fulfill its objectives. These include facilitating knowledge exchange and collaboration among member countries, conducting research and analysis on renewable energy technologies and markets, providing policy advice and capacity building support, and promoting renewable energy investments and projects.

– Advancing Renewable Energy: IRENA works towards advancing renewable energy in several ways. It provides a platform for countries to share best practices, policies, and experiences related to renewable energy deployment. It also assists countries in developing national renewable energy strategies and policies that are aligned with their specific circumstances and goals.

– Reports and Publications: IRENA produces a wide range of reports, publications, and databases that provide valuable insights and information on renewable energy technologies, markets, and policies. These resources help policymakers, industry stakeholders, and researchers make informed decisions and support the advancement of renewable energy.

– Collaboration and Partnerships: IRENA collaborates with various international organizations, governments, industry associations, and other stakeholders to promote renewable energy. It works closely with other United Nations agencies, regional organizations, and financial institutions to facilitate the exchange of knowledge and support the implementation of renewable energy projects.

IRENA plays a vital role in supporting the global transition to a sustainable and low-carbon energy system. By fostering international cooperation, providing technical expertise, and promoting renewable energy investments, IRENA contributes to the global efforts to mitigate climate change, enhance energy security, and achieve sustainable development goals.