• Faster hydrogen production needed for energy transition: WTO

    Abu Dhabi, UAE-- In order to speed up the energy transition there must be a fast increase in the production of green hydrogen, according to a joint report by the International Renewable Energy Agency (IRENA) and World Trade Organisation (WTO). The report published on December 9 provides insights into global...

  • EDB commits US$350m for renewable energy projects in developing countries

    ABU DHABI, UAE - Emirates Development Bank (EDB) has committed US$350 million (AED 1.3 billion) to support the Energy Transition Accelerator Financing (ETAF) platform to accelerate the financing and drive funding of renewable energy projects in developing countries. The ETAF platform is a global climate finance facility established by the International...

  • IDB inks pact with IRENA

    IDB will fund renewable projects by joining ETAF platform.

  • UAE offers the world an eco-friendly economic model

    “The World Meteorological Organization is extremely pleased with the UAE's actions, including the decision to increase investment in clean energy and other projects that support the organization's strategy for addressing climate change issues, as well as their decision to host the headquarters of IRENA, which is a key player in...

  • Renewables investments record high in 2022, but need massive increase

    A report by the International Renewable Energy Agency (IRENA) and Climate Policy Initiative (CPI), said although global investment in renewable energy reached a record high of $0.5 trillion in 2022, this still represents less than 40 percent of the average investment needed each year between 2021 and 2030, according to...

  • Nine countries join alliance to boost offshore windpower

    Offshore wind can be deployed at large scale, in short timeframes and at competitive cost, GOWA said in a statement. Other nations joining Tuesday were Belgium, Colombia, Ireland, Norway and the Netherlands.

  • UAE, IRENA to give clean cooking energy to communities

    The initiative, called Beyond Food, was launched in collaboration with the Nama Women Advancement Establishment.

  • IRENA sees rapid growth of hydrogen economy

    The development may bring significant geo-economic and geopolitical shifts in the energy market, which is currently valued at $174 billion.