IRENA’s primary focus is on promoting the widespread adoption of renewable energy technologies. They serve as a global platform for cooperation, facilitating the sharing of knowledge, best practices, and innovative solutions in the renewable energy sector. The organisation plays a crucial role in advocating for sustainable energy policies and practices.
Their key goals are as follows:
- Renewable energy advocacy: IRENA works to encourage the use of renewable energy sources, emphasising their environmental and economic benefits.
- Knowledge hub: Serving as a knowledge hub, IRENA conducts research and analysis to provide reliable information on renewable energy trends, potential, and impact.
- Capacity building: The agency supports member countries in building the capacity to integrate renewable energy into their national energy systems.
- Policy advice: IRENA provides policy advice to assist countries in creating effective frameworks to promote renewable energy investments.
IRENA operates with a membership of countries committed to advancing renewable energy. It collaborates with governments, industries, and other stakeholders to drive the global energy transition. The organisation’s structure includes a dedicated secretariat, headed by a director-general, responsible for implementing IRENA’s programs and initiatives.
Its influence on sustainable finance lies in shaping policies that encourage investment in renewable energy. By providing data, research, and policy recommendations, IRENA contributes to creating an environment conducive to sustainable finance practices, promoting funding and investments in renewable energy projects globally.
IRENA offers a wealth of resources, including reports, databases, and tools that support decision-makers in the renewable energy sector. This includes global renewable energy statistics, technology briefs, and platforms for sharing experiences and best practices.
To bring together these different constituencies and serve as the convening platform to advance the widespread adoption and use of renewable energy, with the ultimate goal of safeguarding a sustainable future.
