With the Paris Agreement celebrating its fifth anniversary this week, all eyes are on the world’s governments to urgently scale-up climate action.
In a renewed call to action, over 100 leading renewable energy players, as members of the International Renewable Energy Agency (IRENA) Coalition for Action, urge governments to correct course. By placing a renewables-based energy transition at the heart of an economic recovery from COVID-19, governments can foster economic resilience and secure a climate-safe future.
Throughout the COVID-19 crisis, governments have demonstrated their capacity to mobilise efforts and recovery packages at historically unprecedented levels. While some countries have announced more ambitious climate commitments as part of their measures to achieve sustainable and resilient economies post-COVID-19, many others have yet to take decisive actions to move towards a green recovery.
To date, G20 countries have committed at least USD 233 billion in supporting the fossil fuel sector and fossil fuel-dependent industries. These billions represent a missed opportunity to accelerate the energy transition and to power long-term job creation and investment opportunities at a time when we need them most. The International Renewable Energy Agency (IRENA)’s post-COVID-19 recovery agenda
shows that investments strategically targeted at renewables can put the world on a climate safe path and generate wider socio-economic benefits. Every million dollars (USD) invested in renewables would create three times more jobs than in fossil fuels.
“The COVID-19 pandemic is a global health, economic and social crisis, clearly demonstrating that global issues can only be solved through global efforts and cooperation, where every country contributes and takes responsibility. Climate change is a higher threat level, a global existential danger facing humanity that needs to be confronted by collective, public and private concerted action to mitigate the risks. There is no plan B, no other planet” says Dr. Nasser Saidi, CEBC’s Chairman.
Building on its previous call to action
released in April 2020, the Coalition for Action now urges governments to reset their recovery priorities through the following six actions:
- Re-evaluate stimulus measures and correct course to ensure a green recovery in line with global climate objectives.
- Raise policy ambitions and clarify long-term plans for renewable generation and consumption, both centralised and decentralised.
- Ensure energy markets can deliver continuity and stimulate investment and growth in renewables.
- Prioritise renewable energy as a key component of industrial policies.
- Align labour and education policies with a just energy transition.
- Intensify international co-operation and action on COVID-19 while recognising renewable energy as a key part of the solution.
Through these six actions, governments can align their economic recovery from COVID-19 with their climate plans, deliver on their commitments under the Paris Agreement, and come back stronger than ever from the COVID-19 crisis. Now is the time to use the momentum of a green recovery to continue building broad public support for the transformative decarbonisation of societies and pave the way for equitable, inclusive and resilient economies.
For a more detailed view of the IRENA Coalition for Action’s renewed Call to Action, please click here
About the Coalition
The IRENA Coalition for Action brings together leading renewable energy players from around the world with the common goal of advancing the uptake of renewable energy. The Coalition facilitates global dialogues between public and private sectors to develop actions to increase the share of renewables in the global energy mix and accelerate the global energy transition. www.irena.org/coalition.
About the CEBC
The CEBC is a non-profit, non-governmental association established in Abu Dhabi, UAE which provides a unique all-inclusive platform bringing together leading local and international organisations participating in the clean energy sector in the Middle East and North Africa. Its mission is to drive the development of appropriate and much needed regulation and policy to support the growth of this vital sector. The CEBC is the only clean energy industry group to cover the MENA region.