IRENA and GWEC Join Forces to Scale Up Renewables

As shown in IRENA’s Global Renewables Outlook report, a Paris-compliant future by 2050 requires transformative changes to policy, behaviour and international cooperation. Renewable technologies can deliver more than 90 per cent of the emission reductions needed, while providing net employment and economic gains in the process.

Both IRENA and GWEC recognise that rapid decarbonisation will require a variety of policy shifts and investments, including intensifying renewable energy commitments, resolving market and regulatory barriers, improving access to finance and expanding the pipeline of bankable projects.

The cooperation between IRENA and GWEC will focus on:

• strengthening wind energy project facilitation in the Climate Investment Platform
• engaging the wind industry in Industry-Government Dialogues, Investment Forums and other arenas for knowledge exchange
• and exploring open-source agreements and project templates for wind projects in emerging markets in order to mitigate legal risks and barriers.

The parties agree to work collaboratively to minimise regulatory, legal and administrative barriers to investment in wind and renewable energy, and enhance international dialogues and actions on increasing the share of renewable energy in the global energy mix.

“Wind energy is a cornerstone of the global energy transformation and with evolving technologies and a strengthening economic case, it will continue to support the world’s low-carbon growth agenda through to mid-century,” said Francesco La Camera, Director General at IRENA. “By blending the knowledge, capabilities and convening power of our two organisations, we can jointly work to address policy and investment barriers and create an enabling environment for wind energy.”

Ben Backwell, CEO at GWEC added: “On behalf of the global wind industry, we look forward to strengthening our partnership and work with IRENA through the Climate Investment Platform and other important initiatives. It is more important than ever that intergovernmental institutions work collaboratively with industry in pursuit of shared sustainable development goals. There is no question that we must urgently take action to reduce carbon emissions and act collectively to slow the impacts of climate change; accelerating the development of renewable energy is one of the most effective ways to achieve these objectives. Wind energy, as a scalable, clean and affordable technology, will be critical to supporting countries, companies and other parties on the road to net-zero and a green recovery,” he concluded.