A growing public resolve to tackle climate change, and record-low prices for solar and wind technology, means that the deployment of renewable energy can and must be accelerated. Achieving this will require funding to be dramatically scaled up from current levels. This week at the Global Green Growth Week 2016, IRENA hosted a side event ‘Unlocking Renewable Energy Investment: the Role of Risk Mitigation and Structured Finance’ to share its findings on how best to increase renewable energy investment.
“More investment in renewables is needed if countries hope to meet their decarbonisation commitments while also reaching their growth and development aspirations,” says Henning Wuester, Director of IRENA’s Knowledge, Policy and Finance Centre. “At this year’s Global Green Growth Week, we presented our findings and recommendations for governments and public finance institutions to help mobilize private investment in renewable energy,” Wuester added.
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