Latest news with #FrancescoLaCamera
Trade Arabia
3 days ago
- Business
- Trade Arabia
Brazil, Irena to co-host first global energy planning summit
The Government of Brazil and the International Renewable Energy Agency (Irena) will co-host the 1st edition of Energy Planning Summit which runs until June 4 at the BNDES Headquarters in Rio de Janeiro. The event will mark the official launch of the Global Coalition for Energy Planning (GCEP), a landmark initiative emerging from Brazil's 2024 G20 Presidency to help close the investment gap in the clean energy transition through improved energy planning, said the organisers. The Summit and the Coalition will contribute to building momentum ahead of COP30 in Brazil and other key global milestones, they stated. "Although significant investment opportunities exist in emerging markets and developing economies, perceived risks remain a key barrier to investment, particularly from private sources," said Irena Director General Francesco La Camera. "Brazil has demonstrated how long-term energy planning, which incorporates investment-ready strategies, can help reduce those risks, attract private capital, scale up renewables, and strengthen local supply chains," he stated. "As GCEP Secretariat, Irena will leverage its near-universal membership and extensive repository of best practices for renewable energy planning and modelling to support countries, particularly in the Global South, in developing energy strategies that align with national development and climate goals," observed Le Camera. Alexandre Silveira, Brazil's Minister of Mines and Energy, said: 'Promoting a just and effective energy transition necessarily requires recognizing the leadership of developing countries. By advancing the Global Coalition for Energy Planning, Brazil reaffirms its commitment to multilateral dialogue and to strengthening tools that connect strategic planning, public policy, and financing mechanisms in support of a more inclusive and sustainable energy future.' This high-level event will bring together senior officials from energy planning and finance ministries in a structured dialogue to establish a new global platform for cooperation. Expected outcomes include agreement on priority workstreams, a roadmap for thematic coordination, and an initial mapping of partners ready to collaborate, said the organisers. By demonstrating how robust planning can reduce risks and unlock investment, the Summit aims to strengthen political commitment to use energy planning as a strategic tool to inform national and international development strategies.
Zawya
5 days ago
- Business
- Zawya
Brazil and IRENA to host first Global Energy Planning Summit
Abu Dhabi, United Arab Emirates – The Government of Brazil and the International Renewable Energy Agency (IRENA) will co-host the 1st Energy Planning Summit on 3–4 June 2025 at the BNDES Headquarters in Rio de Janeiro. The event will mark the official launch of the Global Coalition for Energy Planning (GCEP), a landmark initiative emerging from Brazil's 2024 G20 Presidency to help close the investment gap in the clean energy transition through improved energy planning. The Summit and the Coalition will contribute to building momentum ahead of COP30 in Brazil and other key global milestones. 'Although significant investment opportunities exist in emerging markets and developing economies, perceived risks remain a key barrier to investment, particularly from private sources,' said IRENA Director General Francesco La Camera. 'Brazil has demonstrated how long-term energy planning, which incorporates investment-ready strategies, can help reduce those risks, attract private capital, scale up renewables, and strengthen local supply chains.' 'As GCEP Secretariat, IRENA will leverage its near-universal membership and extensive repository of best practices for renewable energy planning and modelling to support countries, particularly in the Global South, in developing energy strategies that align with national development and climate goals.' H.E. Alexandre Silveira, Brazil's Minister of Mines and Energy, said: 'Promoting a just and effective energy transition necessarily requires recognizing the leadership of developing countries. By advancing the Global Coalition for Energy Planning, Brazil reaffirms its commitment to multilateral dialogue and to strengthening tools that connect strategic planning, public policy, and financing mechanisms in support of a more inclusive and sustainable energy future.' This high-level event will bring together senior officials from energy planning and finance ministries in a structured dialogue to establish a new global platform for cooperation. Expected outcomes include agreement on priority workstreams, a roadmap for thematic coordination, and an initial mapping of partners ready to collaborate. By demonstrating how robust planning can reduce risks and unlock investment, the Summit aims to strengthen political commitment to use energy planning as a strategic tool to inform national and international development strategies. Founding members and partners will sign a Letter of Principles at the Summit, outlining the Coalition's shared vision and guiding priorities. Effective energy planning is central to ensure that energy policy meets national and regional energy needs. About the International Renewable Energy Agency (IRENA) IRENA is the lead intergovernmental agency for the renewables-based energy transition in pursuit of a systemic change across the energy sectors. A global energy agency comprised of 169 countries and the EU, with 14 additional countries in accession, IRENA provides knowledge, technical assistance and capacity building, project and investment facilitation. The Agency enables international cooperation and partnerships to fight climate change and promote sustainable development, energy access, energy security and resilient economies and societies. Contact information: Nicole Bockstaller, Chief, Communications Officer, IRENA, nbockstaller@
Yahoo
27-03-2025
- Business
- Yahoo
Global renewable energy capacity hits record expansion
Global renewable energy capacity increased 15.1% year-on-year in 2024, the largest expansion ever recorded but still short of the pace needed to achieve the COP28 goal of tripling capacity by 2030, the International Renewable Energy Agency warned in a report. With six years to go, annual capacity additions of more than 1,120 GW will now be needed to keep the planet on a 1.5°C warming trajectory, IRENA's Director-General Francesco La Camera said, noting that 'significant disparities remain': China alone accounted for nearly 64% of the total growth, adding more than eight times as much capacity as the US and five times that of Europe. Besides, raw wind and solar deployment numbers only tell one part of the story, said Seaver Wang, the director of the Breakthrough Institute's climate and energy program. China's rapid buildout, for example, is 'impressive' but just beginning to cover growing energy demand and not yet significantly altering its emissions profile, he told Semafor.
Arab News
27-03-2025
- Business
- Arab News
Global renewable energy capacity up 585 GW in 2024: IRENA
RIYADH: Global renewable energy capacity saw a record annual growth rate of 15.1 percent in 2024, increasing by 585 gigawatts, according to a new analysis. In its latest report, the International Renewable Energy Agency said that this addition brought the total installed power capacity in the sector to 4,448 GW. Despite this record increase, IRENA highlighted that growth is still falling short of the 11.2 terawatts needed to align with the global goal to triple the installed renewable energy capacity by 2030. The study further said global renewable capacity should expand by 16.6 percent annually to meet the stipulated 2030 target. Earlier this month, the International Energy Agency said that renewable energy sources accounted for most of the growth in international supply in 2024 at 38 percent, followed by natural gas at 28 percent, and coal at 15 percent, as well as oil at 11 percent and nuclear power at 8 percent. IEA's estimate of renewable energy installations was also higher than the projections made by IRENA. IEA said that new renewable installations hit record levels for the 22nd consecutive year, with around 700 GW added to the total capacity in 2024, of which around 80 percent was from solar photovoltaic. Reflecting on the new analysis, IRENA Director-General Francesco La Camera said: 'With just six years remaining to meet the goal adopted at COP28 to triple installed renewable power capacity by 2030, the world now needs additions in excess of 1,120 GW each year for the rest of this decade to keep the world on a 1.5-degree Celsius pathway.' La Camera also urged governments to leverage the next round of Nationally Determined Contributions as an opportunity to outline a clear blueprint of their renewable energy ambitions. He further called on the international community to enhance collaborations to support the renewable ambitions of the countries of the Global South. 'The continuous growth of renewables we witness each year is evidence that renewables are economically viable and readily deployable. Each year, they keep breaking their own expansion records, but we also face the same challenges of great regional disparities and the ticking clock as the 2030 deadline is imminent,' said the director-general. He added: 'With economic competitiveness and energy security being increasingly a major global concern today, expanding renewable power capacity at speed equals tapping into business opportunities and addressing energy security quickly and sustainably.' According to IRENA, solar and wind energy saw the most significant expansion in 2024, accounting for 96.6 percent of all net renewable additions. Over three-quarters of the capacity expansion was in solar energy, which increased by 32.2 percent, reaching 1,865 GW, followed by wind energy, growing by 11.1 percent. In 2024, China added 278 GW of solar energy capacity, followed by India at 24.5 GW. Commenting on the IRENA report, UN Secretary-General Antonio Guterres said: 'Renewable energy is powering down the fossil fuel age. Record-breaking growth is creating jobs, lowering energy bills and cleaning our air.' He added: 'Renewables renew economies. But the shift to clean energy must be faster and fairer — with all countries given the chance to fully benefit from cheap, clean, renewable power.' According to IRENA, hydropower capacity reached 1,283 GW in 2024, demonstrating a notable rebound from 2023, driven by growth in China. The world saw wind energy capacity reaching 1,133 GW by the end of last year, driven by expansion in the US and China. Bioenergy expansion rebounded in 2024, with a growth of 4.6 GW of capacity compared to an increase of 3 GW in 2023. This rise was propelled by China and France, which added 1.3 GW each last year. Geothermal energy increased by 0.4 GW overall, led by New Zealand, followed by Indonesia, Turkiye, and the US. Off-grid electricity capacity expansion, excluding Eurasia, Europe, and North America, nearly tripled, growing by 1.7 GW to 14.3 GW. La Camera added that renewables accounted for 46 percent of global installed power capacity. 'Even as renewable energy almost accounts for half of total capacity, many energy planning questions still need to be addressed to establish renewables as the most significant source of electricity generation — including in the context of grid flexibility and adaptation to variable renewable power,' he said. During the opening ceremony of the annual UN climate summit in November, Mukhtar Babayev, president of COP29, underscored the vitality of increased funding to enable climate efforts and urged governments, the private sector, and multilateral financial institutions to work together to meet the goals outlined in the Paris Agreement. That treaty, signed in 2015, compels signatories to work toward limiting the global temperature increase to 1.5 degrees Celsius above pre-industrial levels.
Jordan Times
26-03-2025
- Business
- Jordan Times
World installed record renewable energy in 2024, driven by China: report
An aerial view shows wind turbines of Chinese company Goldwind in Zhangjiakou, northern China's Hebei province on March 26, 2025 (AFP photo) DUBAI — The world installed a record amount of renewable energy capacity last year, largely driven by China, according to a report published on Wednesday by the International Renewable Energy Agency (IRENA). Generating capacity from the likes of solar, wind, hydroelectric and geothermal energy, grew by 15.1 per cent globally, reaching close to 4.5 terawatts, according to the report from IRENA. Across the world, 585 gigawatts of renewable capacity was added to grids, accounting for 92.5 per cent of all new electricity-generating capacity installed last year. "The continuous growth of renewables we witness each year is evidence that renewables are economically viable and readily deployable," Francesco La Camera, IRENA's director said in a statement. "Each year they keep breaking their own expansion records, but we also face the same challenges of great regional disparities and the ticking clock," he added. To achieve a global goal, agreed at the COP28 climate summit in 2023, to triple renewable energy generation capacity by 2030 the world must reach 11.2 terawatts. That will require annual growth of 16.6 percent until the end of the decade, the report said. Last year, Asia was central to global renewable growth, with China alone accounting for 64 percent of new capacity worldwide. More than three-quarters of all the newly installed capacity worldwide was in the form of photovoltaic cells, which turn solar energy directly into electricity. Of that, China accounted for more than half. Simon Stiell, executive secretary of the UN's climate treaty process, said in the same statement that "renewables grew in Asia at double the rate in Europe". "Clearly there is still so much opportunity for Europe to step up the pace." "In a global clean energy boom that hit $2 trillion last year -- the dividends on offer are monumental," he added.
