The International Renewable Energy Agency (IRENA), in partnership with the Indian G20 Presidency, launched a comprehensive report today on how low-cost finance can accelerate the energy transition. Titled Low-Cost Energy Transition Finance, and developed in close collaboration with India’s Ministry of New and Renewable Energy (MNRE), the report provides a toolbox to increase the availability of low-cost capital in G20 countries and beyond.
The report was introduced by IRENA’s Deputy Director-General, Ms. Gauri Singh, alongside MNRE Secretary, Mr. Bhupinder S Bhalla, and India’s Power Ministry Secretary, Mr. Alok Kumar. The unveiling took place at a side-event, jointly organised with MNRE and the Indian Renewable Energy Development Agency, during the G20s 3rd Energy Transition Working Group (ETWG) in Mumbai.
In a statement issued on the launch of the report, IRENA Director-General Mr. Francesco La Camera said: “The global energy transition requires a rapid scale-up of renewable energy deployment globally, making access to low-cost finance urgently vital. We are proud to contribute to the work of the G20 and provide valuable insights that support India’s Presidency in facilitating access to affordable finance in developing & advanced economies.” Learn More /…
About IRENA (International Renewable Energy Agency)
IRENA is the lead intergovernmental agency for the global energy transformation that supports countries in their transition to a sustainable energy future and serves as the principal platform for international co-operation, a centre of excellence, and a repository of policy, technology, resource and financial knowledge on renewable energy.
With 168 Members (167 States and the European Union) and 16 additional countries in the accession process and actively engaged, IRENA promotes the widespread adoption and sustainable use of all forms of renewable energy in the pursuit of sustainable development, energy access, energy security and low-carbon economic growth & prosperity. Learn More /…
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