Shaping the future: insights from IRENA’s renewable energy statistics 2024 report

The International Renewable Energy Agency (IRENA) Renewable Energy Statistics 2024 provides a comprehensive overview of the current status and trends in renewable energy worldwide. The report covers various aspects of renewable energy, including data on production, consumption, capacity and investment in different regions and countries. It also highlights the contribution of renewable energy to achieving the Sustainable Development Goals, in particular those related to energy access, security and low-emission economic growth.

IRENA is an intergovernmental organization that aims to support countries in their transition to sustainable energy. It serves as a platform for international cooperation, a center of excellence and a repository of knowledge on renewable energy policy, technology, resources and finance. The organization’s mission is to promote the widespread adoption and sustainable use of all forms of renewable energy, including bioenergy, geothermal energy, hydropower, oceans, solar energy and wind energy.

The report provides detailed statistics on renewable energy balances for different countries, divided into sections covering different groups of nations. These statistics provide insight into the energy production, transformation and consumption patterns in each country, highlighting the role of renewable energy sources in their energy mix. In addition, the report includes data on public renewable energy financing flows, showing how financial resources are allocated to support renewable energy projects.

One of the key elements of the report is data on renewable energy capacity and production. This includes information on installed capacity and electricity generation from various renewable sources, such as hydropower, wind power, solar power, bioenergy and geothermal energy. The data indicates growth trends in these sectors and provides a basis for understanding progress in increasing the share of renewable energy in the global energy mix.

The report also addresses the issue of off-grid renewable energy capacity, which is key to providing energy access in remote and rural areas. This section provides data on off-grid hydropower, photovoltaic systems, and other off-grid renewable energy technologies. This information helps understand the impact of these technologies in improving energy access and supporting sustainable development in underserved regions.

In addition to the technical data, the report includes indicators related to the Sustainable Development Goals (SDGs). In particular, it includes statistics on SDG indicators 7.a.1 and 7.b.1, which are related to international financial flows to developing countries for clean energy and the expansion of infrastructure and technologies for modern energy services. These indicators help track progress towards achieving universal access to affordable, reliable, sustainable and modern energy.

Overall, the Renewable Energy Statistics 2024 report is a valuable resource for policymakers, researchers and stakeholders in the renewable energy sector. It offers a detailed and up-to-date overview of the global renewable energy landscape, highlighting the progress made and the challenges that remain. By providing comprehensive data and analysis, the report supports informed decision-making and helps drive the transition towards a more sustainable and resilient energy future.

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