The United Nations Development Programme (UNDP) and the International Renewable Energy Agency (IRENA) have announced a global partnership to accelerate low-carbon energy transition and offer concrete steps to achieve sustainable development. Under the cooperation, the organisations will explore joint initiatives aimed at accelerating the implementation of the Agenda 2030 and stimulating 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,” UNDP administrator Achim Steiner said at the signing of the Memorandum of Understanding with IRENA director-general Francesco La Camera in New York.
“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.
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These reports come on the heels of a report released in the United States in April which stated that, for the first time ever, the renewable energy sector in the United States was projected to generate more electricity than coal-fired plants.
“Partnerships such as this strengthen the world’s response to the profound challenges of climate change and sustainable development,” Mr La Camera said.
“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.
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UNDP is the primary supporter of climate action in the United Nations. Building on its portfolio of USD 3.2 billion in grant financing in collaboration with the vertical funds, bilateral and multilateral partners, UNDP provides financial and technical support to countries to design and implement Nationally Determined Contributions (NDCs) under the Paris Agreement.
Throughout this work, UNDP promotes NDC approaches and implementation processes to align climate and Sustainable Development Goal targets, including on energy, into long-term national and sectoral development plans and budgets, establishing joint coordination mechanisms among actors across sectors and Ministries, prioritizing finance channeled to bold actions and integrating monitoring and reporting systems.
The partnership with IRENA will help to scale-up support to countries and accelerate the delivery of the Paris Agreement and the Sustainable Development Goals.