Governments to signal support for IRENA key role in global energy transformation
More than 1 100 representatives of governments from 150 countries will meet in Abu Dhabi, United Arab Emirates (UAE) to attend the 8th Assembly of the International Renewable Energy Agency (IRENA), taking place on January 13-14. As the world’s principal platform for international cooperation on renewable energy, the Assembly will provide strategic guidance to the work of the Agency for the next four years and position it to play a key role in driving the global energy transformation.
As renewable energy costs decline, technology advances and deployment accelerates around the world, we are entering a new age of energy transformation, with renewable energy becoming a significant driver of economic growth, job creation, and socioeconomic development while also addressing climate change and reducing air pollution. At the IRENA Assembly, our global membership will set the direction of the Agency in the coming years and chart a roadmap for the energy system of the future – a future that will be increasingly decarbonised, decentralised and digitalized said IRENA Director-General Adnan Z. Amin.
According to IRENA, more than US$1 trillion has been invested in renewables globally since 2013 and today the industry accounts for nearly 10 million jobs worldwide. As countries, cities and corporates drive progress towards a low-carbon energy system, the Assembly will take stock of progress in renewables deployment, and the decarbonisation of the electricity system as well as end-use sectors such as heating, cooling and transportation.
Uruguay holds the Presidency of theAssembly and according to Carolina Cosse Minister of Industry, Energy and Mining for Uruguay and President of the Assembly, the country is proof that high shares of variable renewable energy can be successfully integrated into the energy mix.
Uruguay is honoured to preside over the eighth session of the Assembly of IRENA, an organisation that plays a central role in promoting renewable energy worldwide. Just last year, 97 percent of our electricity was generated by renewables, out of which 35 percent came from wind, and over 60 percent of our primary mix is renewable – mainly based on the use of biofuels. This year marks our fifth without the need to import power, as well as increasing our exports to neighbouring countries. Our next challenge is to move forward on electric transportation and I believe Uruguay is ready to be the next regional platform where this technology can be developed and implemented said Minister Cosse.
Highlights of this year’s Assembly include:
- The release of the Agency’s report on renewable energy power generation costs, tracking the degree to which costs competitiveness of renewable energy has entered an era of competitive advantage based on its strong business case.
- Two high-level Ministerial Roundtables will identify concrete ways to accelerate investment in renewable energy and explore innovations and synergies between transport sector electrification and renewable energy.
- The launch of the Global Commission on the Geopolitics of Energy Transformation which will examine how growing renewables deployment will impact geopolitical dynamics.
- A two-day meeting of international legislators on renewable energy policy-making, including a day-long event with the UAE Federal National Council, which will discuss the role of renewables in advancing the implementation of the Sustainable Development Goals (SDGs) and in addressing climate change.
- A high-level ministerial event that will seek to improve the capacity of small island developing states to develop and finance renewable energy projects.
- Programmatic discussions will also take place on a range of topics including renewable energy policy, geothermal energy, scaling up solar PV, bioenergy for sustainable development, and renewable energy in the context of sustainable development and implementation of Nationally Determined Contributions to the Paris Agreement on climate.
- The Abu Dhabi Fund for Development (ADFD) and IRENA will announce the recipients of funding allocated through the IRENA/ADFD Project Facility.