![The MoU was signed in the presence of HE Dr Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, Chairman of Masdar, and COP28 President-Designate; and Dr. Nawal Al-Hosany, Permanent Representative of the UAE to the International Renewable Energy Agency (IRENA) Masdar and IRENA](/images/stories/News/News2023/Masdar_and_IRENA.jpeg)
The main objective of the project is to establish a global baseline for renewable energy, with a focus on solar, wind, hydropower, geothermal, and other technologies including battery storage, complemented by region-specific data. The project will also highlight the challenges faced by different regions in meeting their renewable energy ambitions and provide recommendations for action.