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Follow on Google News | CIG: International Renewable Energy Agency expects more member nations to join at next meeting.Next weeks meeting may see member countries increase from the current 139 members after just one year.
By: CIG LLC IRENA, which celebrates its first anniversary toward the end of this month, was established to promote the development of the renewable energy industry globally. There are currently 139 member nations after the Czech Republic joined recently. "Several non-member nations are coming for the ... meeting next week, including Mexico, Belgium, Kyrgyzstan who may be future signatories," She added that China and Saudi Arabia would also be attending as observers, as both the U.S. and the U.K. did last year before becoming members. She expressed hope that the world’s largest emitter and largest oil producer could yet join the agency. The agency was established by around 50 nations as an alternative to the existing International Energy Agency, which many countries felt was guilty of taking a pro fossil fuel stance, CIG understands. While this move was criticized by some countries the agency has seen a steady increase in its member base. The agency is seeking a three-fold increase in the consumption of green energy by 2050, and launched its inaugural renewable energy project in the Pacific island nation of Tonga. # # # CIG is an exclusive, members only, off shore, private equity investment firm that provides consulting services to like minded members of the private equity and alternative investment community. End
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