The Global Climate Finance Centre (GCFC) and the International Renewable Energy Agency (IRENA) have announced a strategic partnership to scale up climate finance and renewable energy initiatives globally.
Enabling low-carbon investments
The GCFC is working to create an ecosystem that enables investments into low-carbon, sustainable, and resilient projects. It further brings together research, market innovations, capacity-building programs, and practical initiatives to increase climate investments, with a focus on emerging and developing markets.
Leveraging synergies
This collaboration will leverage the synergies between GCFC and IRENA across various areas, including market intelligence, capacity building, practical platforms, and collaborative initiatives.
Driving innovative solutions
Together with other key stakeholders, the partnership aims to drive innovative solutions that enhance the scale, accessibility, and affordability of climate finance worldwide.
Propelling renewable energy initiativesÂ
Mercedes Vela Monserrate, CEO of the GCFC, said, “By joining forces with IRENA, the Global Climate Finance Centre is taking a significant step forward in accelerating the flow of climate finance and propelling renewable energy initiatives around the world. Also, Monserrate noted that this collaboration seeks to empower countries and communities to implement effective climate solutions and build a more sustainable future.”
Strengthening finance flows, building capacities
Moreover, Francesco La Camera, director-general of IRENA, stated, “Despite the remarkable political momentum established by the UAE Consensus and a universally compelling business case for renewables, progress on the energy transition remains uneven across regions, largely due to a lack of access to affordable financial resources. Additionally, this strategic partnership with GCFC aims to address this disparity by strengthening finance flows, building capacities, and fostering innovation where it is most needed.”
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