51 Countries to Form International Agency Promoting Renewable Energy
51 countries have signed an agreement to form an international agency to support renewable energy development.
If it seems like the world is rallying around renewable energy, that’s because it is. And why not? With huge recent fluctuations in oil prices, the economy on its knees, and climate change at our doorstep, windmills and solar panels have become iconic symbols of energy independence, a new green-collar job sector, and a response to climate change. Now, an international agency is emerging to lead the charge on a global scale.
The International Renewable Energy Agency (IRENA) will integrate regional clean energy progress into a coordinated, global effort. It will provide political recommendations and identify funding for renewable technologies. Moreover, IRENA will seek to even the playing field for countries that have had difficulty affording investment in renewable energy. To this end, the agency will fund its budget with contributions by member-countries on a sliding scale with unindustrialized countries paying less.
