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Calls to redirect energy cash

The International Renewable Energy Agency (IRENA) is pushing for the share of renewables in global power to double by 2030. IRENA wants clean electricity to provide 57% of all power within a decade, up from the current 26%.

Its new booklet: 10 Years: Progress to Action – released to mark its 10th annual Assembly – features recent advances and the next step actions needed to ensure green energy can deliver when it comes to the Sustainable Development Goals. It calls for a doubling of investment, from US$330 billion today to $750, with the bulk to be raised through a redirection of ‘planned fossil fuel investment’.

“We have entered the decade of renewable energy action, a period in which the energy system will transform at unparalleled speed,” said IRENA Director-General Francesco La Camera. “To ensure this happens, we must urgently address the need for stronger enabling policies and a significant increase in investment over the next 10 years. Renewables hold the key to sustainable development and should be central to energy and economic planning all over the world.”

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Iain Robertson
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