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Global contexts for renewable energy finance by IRENA
Publication
Pan European,
International Organizations,
Africa,
Asia,
Central and South America,
North America,
Oceania
Global contexts for renewable energy finance by IRENA
Editorial Team
Global investments in energy transition technologies have reached a record high of USD 1.3 trillion in 2022, but this is not enough. Annual investments need to at least quadruple to remain on track to achieve the 1.5°C targets. Renewable energy investments are also not following the pace needed to accelerate the energy transition and energy efficiency targets.
The joint report by the International Renewable Energy Agency (IRENA) and Climate Policy Initiative (CPI) points out that investments have become more concentrated in specific technologies and uses, and in a small number of countries/regions. Hence, it calls for direct public funds to those countries/regions that would have the potential to increase their investments in these technologies.
