IRENA: Fossil fuel subsidies cause everlasting expenses and pollution

See on Scoop.itGreen & Sustainable News

Abu Dhabi: Decreasing costs of renewable energy sources may convince the world governments to minimise subsidies on polluting fossil fuels, a senior official of International Renewable Energy Agency (Irena) said here on Sunday.

Duane Tilden‘s insight:

World governments were ignoring the fact that although renewable energy sources require big initial investments, their long-term operational and maintenance costs are minimal, he [Frank Wouters, Deputy Director General of Irena] pointed out.

Effective policies are more important than subsidies for countries to scale up renewable energy on a large scale, experts participating in the assembly also pointed out.

Anywhere in the world, investment in renewable power generation depends on stable regulatory frameworks, transparent planning processes and clear procedures for connection to the grid, said the participants at a workshop as part of the assembly.

See on gulfnews.com

Pioneering Global Atlas for Renewable Energy Goes Online

See on Scoop.itGreen Energy Technologies & Development

The world’s first open-access Global Atlas of renewable energy resources goes live today, announced at the annual general assembly of the International Renewable Energy Agency (IRENA).

Duane Tilden‘s insight:

–  “In the next 10 years we expect a huge rise in the investments in renewable energy. The Global Solar and Wind Atlas will help us make the right decisions,” says Martin Lidegaard, Danish Minister of Climate, Energy and Building, and President of the 3rd session of the IRENA Assembly.

–  Note to Editors

IRENA is mandated by 159 countries and the European Union to promote the sustainable use of all forms of renewable energy, and to serve as the global hub for renewable energy cooperation and information exchange. Formally established in 2011, IRENA is the first major international organization to be headquartered in the Middle East.

See on www.financialpost.com