“Markets worldwide can respond to the economic realities of renewables today and attract large-scale investors into the renewables sector,” said Irena director-general Adnan Amin in an online statement.

In its Unlocking Renewable Energy Investmentreport — released on the sidelines of the meeting of G20 energy ministers in Beijing — the organisation argues that it is possible to double global investment in renewables by 2020 and more than triple it by 2030.

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