Launch of the Global Landscape of Renewable Energy Finance 2023 report
Renewables are key for delivering climate and socio-economic development goals, but investment levels remain far below what is required (USD 0.5 trillion in 2022, around half of what is required annually up to 2050).
Around 80% of investments are concentrated in solar PV and onshore wind, although investments in other technologies are crucial for decarbonising end uses. More importantly, in 2021, more than 70% of the world’s population – mostly in developing and emerging countries – received only 20% of global investments, with their share declining over time. A just transition will require a more equitable distribution of investments.
Organised on the side-lines of The Spanish International Conference on Renewable Energy (SPIREC) on 22 February 2023 at 11:00 am CET, the event presented key insights from the International Renewable Energy Agency (IRENA) and Climate Policy Initiative (CPI)’s new joint report, Global Landscape of Renewable Energy Finance 2023. The presentation included trends in investment by technology and sector, region, source of finance (public and private), and financial instrument. The role of public funding in driving investments was discussed, particularly in developing countries that increasingly struggled to attract investments.
To attend the event, please register on https://spirec.es/en.