IRENA endorses international vitality transition discussion board as a part of COVID-19 restoration

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Striving to spur vitality transition as integral a part of COVID-19 restoration, members of the International Renewable Energy Agency (IRENA) authorised on January 21 the institution of a brand new, vision-building Global High-Level Forum on Energy Transition.
The choice concludes the Agency’s annual Assembly which introduced collectively over 2000 individuals from Members and companions in a digital assembly from January 18 to January 21.
According to the Abu Dhabi-based organisation, to take care of the political momentum for inexperienced restoration in 2021, the brand new Forum intends to speed up vitality transition motion from international locations, business, enterprise, buyers, academia and visionaries. It will give attention to three overarching themes for 2021 comparable to constructing restoration efforts on vitality transition, rising renewables in well being and meals in addition to driving net-zero methods in keeping with the Paris Agreement, IRENA mentioned.
The Forum is expression of nations’ reaffirmation of the Agency’s strategic mandate entrusted in 2018 to steer on vitality transitions and displays the essential function renewable vitality performs in assembly growth and local weather objectives as outlined in IRENA’s “Post-COVID recovery: An agenda for resilience, development and equality”. Open to its 163 Members and 21 States in Accession, the Forum shall be presided by the President of the Assembly and convened at the least as soon as forward of each Assembly.
“This Assembly has shown that energy transition has risen to the forefront of the global agenda,” IRENA Director-General Francesco La Camera mentioned. “Our discussions on recovery have underscored the urgency to intensify and strengthen international cooperation and take action on energy transitions. This year will be crucial in our collective ability to make a lasting difference,” he added.
“I hope the new Forum will provide governments and partners with a global platform to strengthen cooperation and identify solutions to respond to the effects of the pandemic and advance net-zero strategies. It is IRENA’s primary task to empower our Members with knowledge and tools to translate the opportunities that energy transitions offer into policies, strategies and results,” La Camera mentioned.
The Forum shall be guided by first-hand insights from the funding, enterprise and finance neighborhood, reflecting Members request to open new and strengthen present cooperation with the personal sector in help of IRENA’s funding and coverage agenda for vitality transitions.
Members additionally requested IRENA to help country-led actions within the preparation and observe up of the High-Level Energy Dialogue convened by UN Secretary-General Antonio Guterres in September and within the run-up to the Climate Conference COP26 in December.
Furthermore, IRENA Members recognised the forerunner function of IRENA’s socio-economic and coverage evaluation and urged the Agency to supply steady help and steering to authorities choice making for inexperienced restoration and selling a simply and inclusive transition.
They additionally recognised continued main function of IRENA in offering cutting-edge data and innovation towards net-zero targets, urging for brand spanking new international options on end-use decarbonisation like inexperienced hydrogen.
The members additionally authorised the IRENA’s international funding and financing agenda prioritising investments in renewables, effectivity, infrastructure and innovation, urging the continued facilitation of financing and initiatives in IRENA Member international locations together with probably the most susceptible communities by means of initiatives just like the Climate Investment Platform.
Finally, IRENA recognised the launch of recent partnerships to leapfrog renewable applied sciences to drive the energy-health and energy-agriculture nexus in addition to the resilience of distant communities.