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International Renewable Energy Agency

July 3, 2026

According to a new report by the International Renewable Energy Agency (IRENA) , renewable energy projects commissioned in 2025 helped avoid an estimated $480 billion in fossil fuel costs globally.

About International Renewable Energy Agency:

  • It is an intergovernmental organisation that was founded in 2009 to support countries in their transition to a sustainable energy future.
  • Mandate: It serves as the principal platform for international cooperation, a centre of excellence, and a repository of policy, technology, resource and financial knowledge on renewable energy.
  • Member countries: It has 170 Members (169 States and the European Union). India is also one of the founder members of IRENA.
  • Headquarters: It is located in Abu Dhabi, United Arab Emirates.
  • Governance of International Renewable Energy Agency:
    • Assembly: It is IRENA’s ultimate decision-making authority, made up of one representative from each Member.
    • Council: It is composed of 21 Member States elected for a two-year term and is accountable to the Assembly.
    • Council members serve on a rotating basis to ensure the effective participation of both developing and developed countries and a fair and equitable geographical distribution.
    • Secretariat: It comprises the Director-General and his staff, provides administrative and technical support to the Assembly, the Council and their subsidiary bodies.
    • It is an official United Nations observer.

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