WIREC 2008 is the third global ministerial-level conference on renewable energy, following events in Beijing in 2005 (BIREC 2005) and Bonn in 2004 (Renewables 2004). The first renewable energy International Action Plan, which contains 197 non-binding commitments to foster growth in renewable energy, resulted from the Bonn conference.
Conference focal points are organized around four themes: Market Adoption and Finance; Agriculture, Forestry and Rural Development; Technology, Research and Development; and State and Local Government Initiatives, each intended to provide a forum for examining policy initiatives that can facilitate a rapid ramping up renewable energy sources.
The Danish government, for instance, has already announced the following pledges for WIREC 2008:
- Reduce the use of fossil fuels by a minimum of 15% by 2025;
- Increase the share of renewable energy to at least 30% of energy consumption by 2025;
- Increase energy efficiency by 1.4% per year from 2010 to 2025;
- Double funds for research and development of new energy technologies by 2010