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New Initiatives on Renewable Energy Launched at World Government Summit 2019
Global Council on SDG7 announced a number of new initiatives aimed at shifting SDG implementation into high gear through renewable energy.
Global Council on SDG7 announced a number of new initiatives aimed at shifting SDG implementation into high gear through renewable energy.
The synergies between electrification of end-use sectors and accelerated renewables deployment are very strong. But during the conference it was stressed that smart approaches to electrification are crucial to harness the synergies.
IRENA analysis shows region can pursue more ambitious energy transition agenda, gaining cost benefits while achieving socio-economic and climate objectives.
The Republic of Moldova may be one of Europe’s smaller economies but the country is big on renewable energy potential. According to an International Renewable Energy Agency (IRENA) report in 2017, the cost-competitive potential for solar and wind energy alone across the country totalled more than 22 gigawatts (GW), and wind energy potential is among the most attractive across South East Europe.
Despite the positive renewable energy investment trends over the past decade, annual investments in renewable energy power alone need to double until 2050 to meet climate goals. IRENA has recently published a series of renewable energy finance briefs looking at tools to scale up renewables.