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International Renewable Energy Agency charts path to low-carbon future
Irena director-general Adnan Z. Amin said plummeting costs and rapid innovation have spurred investments in renewable energy.
abu dhabi - Agency brings together international community to advance global renewable energy agenda
The assembly, the agency's ultimate decision-making authority, brings together the international community to advance the global renewable energy agenda, make concrete steps to accelerate the global energy transition and a decarbonisation of the global energy mix.
"An unprecedented transformation of our energy system is underway. Plummeting costs and rapid innovation have spurred investments that are positioning renewable energy solutions at the centre of energy discussion today," said Irena director-general Adnan Z. Amin. "It is no longer a question of whether or if, but of how we can accelerate this change to move towards a global, sustainable and affordable low-carbon energy future."
The two-day event in Abu Dhabi, following a day of preliminary meetings and discussions on Friday, will focus on Irena's strategic direction to support countries accelerate deployment of renewable energy, and in doing so, meet climate goals, boost the economy and increase energy access and security.
Highlights of this year's assembly include: two ministerial roundtables covering innovation in the power sector and catalysing off-grid renewable energy deployment for development; discussions on scaling up private sector renewable energy uptake and driving energy sector decarbonisation through innovation; the announcement of projects in developing countries receiving loans worth $44.5 million under the fourth round of the Irena/Abu Dhabi Fund for Development.
The assembly will also feature the launch of 'REthinking Energy 2017' which examines the latest trends in renewable energy and the dramatic changes in the energy sector in many countries.
"The speed and scale of the energy transformation calls for, more than any time before, a strengthening of global cooperation, through concrete action and initiatives, to grapple with the multiple changes and challenges ahead," added Amin. "Irena's assembly is the meeting point for such international cooperation, and the next two days will address a range of issues central to the energy transformation underway."
- business@khaleejtimes.com
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