IRENA and GCFC team up to expand climate finance, renewable energy initiatives

The collaboration will focus on three areas.

The International Renewable Energy Agency (IRENA) and the Global Climate Finance Centre (GCFC) have formed a partnership to boost climate finance and accelerate renewable energy projects worldwide.

In a statement, IRENA said the partnership “aims to drive innovative solutions that enhance the scale, accessibility, and affordability of climate finance globally.” This will involve joint work on research and innovation, capacity-building and technical assistance, and practical coalitions and project pipeline financing, it added.

IRENA Director-General Francesco La Camera said the partnership will address disparity in energy transition by strengthening finance flows, building capacities, and fostering innovation where it is needed.

“United by a global vision for climate action, this collaboration seeks to empower countries and communities to implement effective climate solutions and build a more sustainable future,” said GCFC CEO Mercedes Vela Monserrate.