The International Renewal Energy Agency (IRENA) was launched recently in Bonn, Germany. The agency, which aims to promote interests in renewable energy, was founded by the following countries: Germany, Denmark, Spain and the United Arab Emirates (UAE). A total of 116 countries are taking part, with 55 countries signifying commitment to full membership. The United States and the United Kingdom are conspicuously absent from the membership, but both countries “are expected to send officials to observe IRENA events”. IRENA is envisioned to address global challenges related to energy issues: depletion of natural energy resources, global warming, and rising energy prices. Solutions for providing energy security, mitigating climate change, and ensuring affordable energy supply are important goals. Activities of the IRENA will include: (1) “providing concrete policy advice for developed and developing countries,” (2) “promoting technology transfer and providing advice on financing,, and (3) enhancing capability building..