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Home News Power Sector News India decided to join International Renewable Energy Agency(IRENA)

India decided to join International Renewable Energy Agency(IRENA)

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IRENAIndia has decided to join the International Renewable Energy Agency (IRENA), an inter-governmental body aimed at spearheading the development and deployment of renewable energy technologies at the global level.The country would also contribute USD 112,500 (about Rs 54 lakh) in the first year of its joining the world body, the membership of which would enable the country to have cooperation in technology transfer and joint R&D of renewable technologies with other member nations.

A decision to this effect was taken last night at a meeting of the Union Cabinet, chaired by External Affairs Minister Pranab Mukherjee.The IRENA membership would enable India to forge partnerships with other member countries at a multilateral level for accelerating development and deployment of renewable energy technologies, an official spokesperson said on 29-01-2009.

"Development of renewables with support of the global players and lead countries would have a positive impact on the country's energy security position in accordance with our nationally designed programme," the spokesman said.

IRENA is an ambitious initiative that Germany launched with like-minded countries, especially Denmark and Spain.cting as the global voice for renewable energies, IRENA will provide practical advice and support for both industrialised and developing countries, help them improve their regulatory frameworks and build capacity. The agency will facilitate access to all relevant information including reliable data on the potential of renewable energy, best practices, effective financial mechanisms and state-of-the-art technological expertise.

IRENA will develop comprehensive solutions, such as fostering all types of renewable energy, and consider various renewable energy policies on the local, regional, and national level. Additionally, IRENA will consider the specific environmental, economic and socio-cultural conditions. Lastly, it will involve stakeholders from the energy industry, academia, institutions and civil society. IRENA will regularly consult and cooperate with organisations and networks already engaged in the field of renewable energy in order to complement and pool their work resources.

Source - Hindu



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