UNDP, IRENA Collaborates to Fast-track Low-Carbon Energy Transition

The United Nations Development Programme (UNDP) and the International Renewable Energy Agency (IRENA) have announced a global association to fast-track the low-carbon energy transition and offer tangible steps to attain sustainable development.

Under the collaboration, the organizations will discover joint initiatives intended at accelerating the implementation of the Agenda 2030, and encouraging renewable energy investments in developing countries.

“The latest evidence shows that renewable energy sources will increasingly form the backbone of our global energy system, making it imperative to better support countries in making the transition to renewable energy sources and in realising the multiple benefits they offer,” said UNDP Administrator Achim Steiner. “This partnership does just that by uniting IRENA’s technical expertise on renewable energy with UNDP’s global portfolio on climate change.”

The falling cost of renewable energy means renewables are now frequently the cheapest source of new power generation, according to a new IRENA report. Furthermore, jobs in the sector continued to show growth in 2018. IRENA’s most recent jobs data shows due to more and more countries manufacturing and installing renewables, renewable energy employment reached eleven million people worldwide in 2018, up from 10.3 million in 2017. This, despite slower growth in key renewable energy markets last year including China.

“Partnerships such as this strengthen the world’s response to the profound challenges of climate change and sustainable development,” said Francesco La Camera, Director-General of IRENA. “This cooperation brings together IRENA’s technical knowledge and renewable energy data repository, with the UNDP’s vast global development and project implementation network. Such complementarity will allow us to explore and co-develop effective pathways to advance energy access, accelerate the low-carbon energy transition and promote sustainable growth.