The G20 group of countries, whose members represent nearly 80 per cent of global energy consumption and hold 75 per cent of global renewables deployment potential by 2030, are well positioned to lead the global energy transformation.
The group has shown a growing commitment to collaborate on climate and energy issues, and to address challenges regarding energy security and productivity, environmental protection, and economic growth underpinned by the transition to renewables.
To further support and accelerate the shift, IRENA’s Director-General Francesco La Camera will present G20 ministers with a series of innovation-led solutions to integrate higher shares of renewable energy into power systems. During its ‘Ministerial Meeting on Energy Transitions and Global Environment for Sustainable Growth’ in Karuizawa, Nagano Prefecture, Japan on June 15-16 IRENA will build on its well established position as an important contributor to the G20 decarbonisation discussion, by further championing the growing environmental and economic cases for the widespread adoption of renewable energy, a sector which now employs over 11 million people globally.
In a keynote address to the meeting’s discussion on ‘Energy Innovation and Cross-Cutting Issues – Energy Innovation / Energy Security / Energy Access and Affordability’, IRENA Director-General Francesco La Camera will highlight that the case for renewable energy has never been stronger. IRENA’s new cost data shows that by next year, onshore wind and solar PV will be a less expensive source of new electricity than the cheapest fossil fuel alternative.
The Director-General will outline to G20 ministers that renewables, together with energy efficiency, can deliver 90 per cent of energy related emissions reductions needed to keep global temperature increases well below 2° Celsius in line with the Paris Climate Agreement goals. To do so, electricity must become the dominate energy carrier Mr. La Camera will stress, highlighting that electricity must supply half of total final energy by 2050. Renewable electricity accounting for 86 per cent of that.
IRENA’s Solutions to Integrate High Shares of Variable Renewable Energy report, published and presented at the request of this year’s G20 president, highlights key action areas to scale up variable renewable energy power generation in G20 countries. Three key areas include the need for:
- Enabling frameworks for long-term energy system planning, holistic policy-making, and co-ordinated approaches across sectors and countries.
- Fostering systemic innovation, both in technologies, and market design, operational practices and business models.
- Unlocking investments and strengthening partnerships with the private sector.
In cooperation with the previous G20 presidencies of Turkey, China, Germany and Argentina during the last four years, IRENA has provided targeted analysis and recommendations for the group’s energy discussions. At the first G20 Energy Ministers Meeting in October 2015, ministers adopted the G20 Toolkit of Voluntary Options for Renewable Energy Deployment, which presented a set of voluntary options for G20 countries to accelerate the scale-up of renewable energy. IRENA was a central coordinator of the Toolkit’s implementation, in co-operation with other international organisations.
In June 2016, progress on work completed under the toolkit was reviewed with the aim to mobilise more finance, reduce costs and chart renewable potential.
In the context of Argentina’s G20 Presidency last year, IRENA was asked to elaborate opportunities for the accelerated deployment of renewables, using a systemic and holistic approach, and to present relevant lessons learnt from implementing policy and investment frameworks. Building on this work, IRENA developed an overview of Opportunities to Accelerate Energy Transitions through Enhanced Deployment of Renewables.
Policy Measures to Advance Jordan’s Transition to Renewables
A new report published today by the International Renewable Energy Agency (IRENA) has identified a series of policy measures that can help advance the energy transition towards renewable energy in Jordan.
The “Renewables Readiness Assessment: The Hashemite Kingdom of Jordan” – developed in co-operation with Jordan’s Ministry of Energy and Mineral Resources, suggests opportunities exist to deepen private sector engagement in national efforts to reach a 31 per cent share of renewables in total power by 2030.
“The recommendations of this report comply with the newly issued Energy strategy 2020-2030 and its action plan,” said H.E. Engineer Hala Zawati, Minister of Energy and Mineral Resources in Jordan. “We are fully aware that to achieve all these ambitious targets, a strong partnership between the public and private sectors is needed. We are also eager to work with international friends and partners to make renewable energy a main pillar of the Jordan energy sector.”
The report presents policy action areas to increase energy security and boost supply diversity through the accelerated uptake of renewables and includes ideas to boost end-use electrification and increase the availability of energy transition investments from domestic institutions.
Jordan’s share of electricity from renewables grew from almost zero in 2014 to around 20 per cent in 2020 thanks to enabling frameworks and policies that have supported the deployment of renewable energy technologies, including solar photovoltaic (PV) and onshore wind.
“Jordan boasts significant renewable energy resource potential that if realised will reduce consumer energy costs, improve national energy security, create jobs and stimulate sustainable growth – boosting post COVID-19 economic recovery efforts,” said IRENA Director-General Francesco La Camera. “This report highlights a series of policy and regulatory measures that will allow Jordan to build on its energy transition progress to date and align it with 2030 national decarbonisation goals.”
Capacity building in local financing institutions and project developers can drive their engagement in the energy transition, the report says, while helping the country to meet its needs in important areas such as the build-out of electric charging infrastructure for the transport system.
Challenges associated with integrating higher shares of renewables in Jordan can be addressed by building and upgrading transmission and distribution infrastructure, deploying storage, promoting demand-side management and incentivising electrification of heating, cooling and transportation.
Renewables Readiness Assessment: Jordan lists concrete recommendations around the following seven action areas:
- Provide the conditions for renewables to grow in the power sector
- Foster continued growth of renewable power generation
- Plan for the integration of higher shares of renewable power
- Incentivise the use of renewables for heating and cooling
- Support renewable options for transport and mobility
- Catalyse renewable energy investment
- Strengthen local industries and create jobs in renewables
World Bank Supports Angolan’s Electrification with $250 Million
The World Bank approved $250 million to improve the operational performance of the electricity sector utilities and increase electricity access in selected cities of Angola.
The Electricity Sector Improvement and Access Project will finance electrification investments in the provinces of Luanda, Benguela, Huila, and Huambo, delivering 196,500 new electricity connections that will benefit close to one million people and 93,857 public lights.
The project will focus on electricity access expansion and improvement of revenue collection, electricity service improvement, capacity improvement of the public electricity producer (PRODEL, Empresa Pública de Produção de Electricidade), and strengthening sustainable management of generation plants. The project also aims to increase the commercial performance of the national electricity distribution company (Empresa Nacional de Distribuição de Electricidade, ENDE) as well as provide financing to the national transport network Rede Nacional de Transporte, RNT) for targeted interventions to improve and optimize the dispatch of electricity supply and the overall management of the national transmission network. Furthermore, the Project will also finance immediate measures to raise the operational, commercial and technical capacity of the three national power utilities, leading to significant electricity service improvement.
“Investment in infrastructure, especially in energy, is key to economic development ”, said Jean-Christophe Carret, World Bank Country Director to Angola “Quality access to electricity services will have a spillover effect in many other sectors, including agribusiness, health, education, just to name a few.”
Angola’s power generation capacity, largely based on hydropower, has developed at a fast pace with the national installed generation capacity quadrupling in just one decade, but transport, distribution and cost recovery remain very challenging. Less than 40 percent of Angolans have access to electricity, with inadequate electricity services impacting poverty, productivity and regional disparities. Therefore, the project aims to deliver the most critical actions needed to help expand electricity access, improve the operational and commercial performance of utilities, and ultimately boost their creditworthiness. This, in turn, will contribute to reducing extreme poverty, improving the resilience of communities to impacts arising from COVID-19, and increasing shared prosperity.
The total project cost is $417 million, financed with a $250 million loan from the World Bank and a credit of $167 million from Agence Française de Développement.
IEA and SICA to collaborate on clean energy transitions in Central America
The International Energy Agency (IEA) and the Central American Integration System (SICA) have signed a Memorandum of Understanding (MoU) to promote clean energy transitions in Central America. Under the MoU, the two organisations will expand their cooperation on energy data and statistics, energy efficiency and climate resilience of electricity systems. These have all been identified as key areas for energy transitions and climate change mitigation in the region under SICA’s Central American 2030 Sustainable Energy Strategy.
“The IEA is pleased to team up with SICA to expand our work in Central America, a dynamic region that is home to over 55 million people and has excellent clean energy potential with distinctive transition opportunities and challenges,” said IEA Deputy Executive Director David Turk.
Under its Clean Energy Transitions Programme, the IEA has been expanding its collaboration in Latin America. This is taking place both bilaterally with key partner countries – including the two largest economies, Brazil and Mexico – and on a regional level through cooperation with leading regional organisations, including the Latin American Energy Organisation (OLADE) and the Inter-American Development Bank. The signing of the IEA-SICA Memorandum of Understanding is a new milestone for the IEA’s engagement with the region.
“Today’s signing ceremony marks an important step for SICA’s work on clean energy transitions – an important priority for our member countries, which can now benefit from the IEA’s leading analysis and expertise,” said Vinicio Cerezo, SICA Secretary General.
The Central American Integration System (Sistema de Integración Centroamericana, or SICA) is an economic and political organisation composed of Belize, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, Panamá and the Dominican Republic, that works to foster closer ties and integration across Central America and the Dominican Republic to promote peace, liberty, democracy and development in the region.
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