IRENA

For hydropower to have a bright future, it needs to keep up with the changing times, which means that some aspects need to be improved.

There is a substantial opportunity to develop the rich natural renewable energy resources of the country and unlock low-carbon growth, IRENA said in its report.

Despite the Glasgow Climate Pact to upgrade 2030 targets in national pledges, the collective level of energy transition ambition to date is not enough.

IRENA, Siemens Energy and 13 companies across all industry sectors have launched the Global Alliance for Industry Decarbonization.

Costs for renewables continued to fall in 2021 as supply chain challenges and rising commodity prices have yet to show their full impact.

A new report series released by IRENA sees hydrogen trade significantly contributing to a more diversified and resilient energy system.

As clean energies grow in countries’ energy mixes, ongoing innovation is key for reducing costs and improving the performance.

Hydrogen is considered key in the energy transition and could lead to significant geoeconomic and geopolitical shifts, according to IRENA.

"If we adopt effective renewable energy circularity and waste management regulation, we will move towards more sustainable lifecycle practices and improved resource efficiency for the energy transition," said Francesco La Camera.

IRENA and WEF have launched a toolbox to accelerate the deployment of green hydrogen across the globe as a climate mitigation strategy.