IRENA reveals amount of required investments to reach renewable energy targets

Commitments related to green energy must be transformed into national policies and programs to achieve renewable energy targets, Francesco La Camera, Director General of the International Renewable Energy Agency (IRENA), stated at the COP29 Energy Transition Investment Forum for Central Asia, Report informs.

"To achieve renewable energy targets, the concrete implementation of 29 green energy commitments needs to be transformed into national policies and programs. We need national targets for grid and flexibility, including storage. Financing in this regard should be possible and accessible with better terms, especially for the energy market and developing economies. By 2030, $31.5 trillion will be required for renewable energy, grids, flexibility, energy efficiency, and storage," La Camera noted.