The UNDP which also stands for United Nations Development Programme and the International Renewable Energy Agency (IRENA) introduced a world partnership at present to speed up low-carbon power transition and supply concrete steps to attain sustainable improvement. Underneath the cooperation, the organizations will discover joint initiatives geared toward accelerating the implementation of the Agenda 2030, and stimulating renewable vitality investments in growing nations.
The falling value of renewable vitality means renewables at the moment are often the most affordable supply of modern energy technology, following a brand new IRENA report. Furthermore, jobs within the sector continued to indicate progress in 2018. IRENA’s most recent jobs information exhibits attributable to an increasing number of nations manufacturing and putting in renewables, renewable vitality employment reached eleven million people worldwide in 2018, up from 10.3 million in 2017. This, regardless of slower development in key renewable power markets last year together with China.
These researches come on the heels of a report launched in the USA in April which acknowledged that, for the first time, the renewable power sector in the USA was projected to generate extra electrical energy than coal-fired plants.
UNDP is the first supporter of climate motion within the United Nations. Constructing on its portfolio of USD 3.2 billion in grant financing in collaboration with the vertical funds, bilateral and multilateral companions, UNDP offers financial and technical help to nations to design and implement Nationally Determined Contributions (NDCs) beneath the Paris Agreement. All through this work, UNDP promotes NDC approaches and implementation processes to align climate and Sustainable Development Goal targets, together with on vitality, into long-time period nationwide and sectoral growth plans and budgets, establishing joint coordination mechanisms amongst actors throughout sectors and Ministries, prioritizing finance channeled to daring actions and integrating monitoring and reporting techniques.
The partnership with IRENA will assist to scale-up assist nations and speed up the supply of the Paris Agreement and the Sustainable Development Goals.