New Worldwide Agency to Promote Renewable Energy
Wednesday, November 5th, 2008A new agency will be formed in early 2009 to act as a driver for renewable energy on an international level.
Although there are other international energy agencies, the International Renewable Energy Agency (IRENA), which was initially driven by Germany, Spain and Denmark, will be the first worldwide agency dedicated to renewable energy.
IRENA says,
There is an urgent need for renewable energy to play a stronger part in international political processes – whether they deal with trade, investment, environment, energy or other issues. Its aim will be to generate momentum for renewable energy on an international level.
Large-Scale Adoption of Renewable Energy
IRENA’s objective is to foster and promote the large-scale adoption of renewable energy worldwide.
The agency plans to break the objective down into the following tangable targets:
- Improved regulatory frameworks for renewable energy through enhanced policy advice
- Improvements in the transfer of renewable energy technology
- Progress and improvements on renewable energy skills and know-how; a scientifically sound information basis through applied policy research
- Better financing of renewable energy
Through the objective, IRENA aims to:
- Reduce the pressure on finite energy sources
- Provide a sound basis for meeting future energy demand
- Stabilize energy prices
- Improve access to energy, especially for the world’s poorest populations
- Combat climate change
- Increase energy security
IRENA points out that this will also contribute to economic growth and job creation.
Helping Nations Move to Renewable Energy
IRENA acknowledges that there are many barriers preventing nations from moving to renewable energy:
Climate change, rising energy prices, dependency on energy imports, poverty and hunger are serious challenges for mankind. Renewable energies have the proven potential to address these challenges. But even though the potential is huge and many countries want to move into a less fossil fuel dependent future, the diffusion and adoption of renewable energies still faces severe barriers and obstacles
But the agency intends to work with, and support these nations in making the transition to renewable energy sources:
Acting as the global voice for renewable energies, IRENA will provide practical advice and support for both industrialized and developing countries, help them improve their regulatory frameworks and build capacity. The agency will facilitate access to all relevant information including reliable data on the potential of renewable energy, best practices, effective financial mechanisms and state-of-the-art technological expertise.
IRENA, which will be mandated by governments worldwide, will hold a founding conference on 26 January, 2009 in Bonn, Germany.
For more information on IRENA, visit the IRENA website.
