Policy, investment and markets News

Policy, investment and markets News Archive

ADFD, IRENA Open New Round of Funding for Renewable Energy Projects in Developing Countries, Invite Applications

The International Renewable Energy Agency (IRENA), in partnership with the Abu Dhabi Fund for Development (ADFD), is inviting applications for renewable energy projects in developing countries. Within the framework of the ADFD-funded US$350 million (AED1.285 billion) IRENA/ADFD Project Facility, the current funding round of US$50 million in concessional loans marks the sixth of seven annual cycles.

Government of Wallonia of Belgium Commits €1 Million to IRENA to Support New NDC Facility Government of Wallonia of Belgium Commits €1 Million to IRENA to Support New NDC Facility

The Government of Wallonia of Belgium has committed €1 million to the International Renewable Energy Agency (IRENA) as part of the Government’s support of renewable energy as a key pillar of international climate efforts.

Renewable Energy Can Be Strengthened in Next Round of Climate Negotiations

Countries have an opportunity to significantly increase renewable energy ambition within Nationally Determined Contributions (NDCs), and to accelerate its deployment in line with climate objectives under the Paris Agreement, per a new report by the International Renewable Energy Agency (IRENA).

MARKET FOR DIGITALIZATION IN ENERGY SECTOR TO GROW TO $64BN BY 2025

Energy innovations will be centered on digital technologies and the strategic use of data, according to new research published. A shift is coming in the energy industry from a focus on hardware to the increased importance of software in order to make systems more efficient, resilient, and digital.

EFFORTS TO ADDRESS CLIMATE THROUGH CLEAN ENERGY LAG IN EMERGING MARKETS

Two years since the signing of the Paris climate agreement and eight years after Copenhagen, countries on both side of the rich-poor divide are falling short on promises made to address climate change through clean energy investment, research firm Bloomberg New Energy Finance (BNEF) finds.