IRENA Director General Adnan Amin: “Cost of generating energy from renewable sources is sharply declining”
“The economy, environment, and energy are the three elements that are central when making decisions about our future. We are working with megatrends: population growth, a loss of biodiversity, and the pollution of the environment. We are virtually approaching the limit of the earth’s capabilities to cope with our impact on it”, Amin said.
Amin also noted a sharp decrease in the cost of generating energy from renewable sources. “Last year, renewable energy sources accounted for 62% of new capacity in the energy sector. The biggest source is solar energy. Innovation is the engine of this process. The cost of technology has dramatically declined – by 80% for solar – over the past four years”, Amin said.
The director general said costs will continue to decrease over the next decade. “Oil-producing countries are actively switching to renewable energy sources”, Amin said.
King of Saudi Arabia Salman bin Abdulaziz Al Saud will pay a state visit to Moscow during the Russian Energy Week
Applications are now being accepted to take part in the Natural Gas Motor Fuel Specialized International Exhibition, which will be held as part of the St. Petersburg International Gas Forum 2017 (St. Petersburg, 3–6 October).
October 4, Moscow. – President of Venezuela Nicolás Maduro today addressed the panel discussion entitled ‘Oil and Geopolitics: Causes and Consequences’. The discussion took place in an interview format. Asking the questions was American journalist Ryan Chilcote, a special correspondent for PBS NewsHour.