The Asian Infrastructure Investment Bank (AIIB) and the International Renewable Energy Agency (IRENA) have partnered to support the energy transition and promote renewable energy, particularly in Asia.
“With Asia’s growing energy demand, and the rising challenges from climate change, we need to ensure the region invests more than ever in renewable energy and energy efficiency to facilitate its transition to a low carbon energy mix,” said AIIB president, Jin Liqun. “This partnership is part of the bank’s journey toward realizing the goals set out in the Paris Agreement.”
Under the terms of the agreement, both AIIB and IRENA will scale up their efforts to unlock capital and accelerate the uptake of renewable energy by their members. The agreement bolsters IRENA’s efforts to facilitate the flow of low-carbon capital into the energy transition where it is needed most, including through the Climate Investment Platform, a multi-stakeholder initiative designed t
