Global: Scaling Up Renewables - Taking Climate Action to the Next Level

Over 500 leaders from government, business and civil society gathered yesterday at the headquarters of the International Renewable Energy Agency (IRENA) to discuss scaling up renewable energy as the cornerstone of global climate change mitigation. For the fourth consecutive year, the Financial Times-IRENA Question Time Debate provided a unique opportunity to discuss the international renewable energy agenda following the conclusion of IRENA’s annual Assembly.

“After the Paris climate conference in December, global focus is shifting from negotiation to action,” said IRENA Director-General Adnan Z. Amin. “Leadership at all levels is key to achieve and surpass the emission reduction targets set forth in the Paris Agreement. Tonight’s event provided a platform to engage in dialogue, build momentum, and chart a course for a renewable energy future.”

The event featured a special address by Ban Ki-moon, United Nations Secretary-General who spoke about the close partnership between the UN and IRENA since the Agency’s founding nearly five years ago. The welcome address by IRENA Director-General echoed the sentiment of strong collaboration between the two agencies to scale up renewable energy.

The evening’s panel discussion, hosted by Financial Times Environmental Correspondent Pilita Clark featured Christiana Figueres, United Nations Framework Convention on Climate Change Executive Secretary; Henry Puna, Prime Minister of the Cook Islands; Miguel Arias Cañete, European Commissioner; Kyung-Ah Park, Managing Director, Head of Environmental Markets at Goldman Sachs & Co.

Panellists fielded questions on the policy, finance and innovation that can ensure the dramatic increase of renewable energy in the global energy mix.

The event took place immediately following the conclusion of the sixth IRENA Assembly, which brought together more than 1,000 energy leaders from 150 countries to set the global renewable energy agenda and make concrete steps to accelerate the ongoing global energy transition.

About Abu Dhabi Fund for Development (ADFD)

ADFD is a Government of Abu Dhabi national institution established in 1971 to assist developing countries by providing concessionary loans to finance development projects in those countries, as well as direct, long term investments and contributions. Simultaneously, the Fund undertakes the management of government grants provided by the UAE through direct supervision and monitoring of project implementation and progress. The fund has provided and managed more than AED 64 billion since its inception until to date to finance 424 projects in 71 countries around the world. www.adfd.ae

About the International Renewable Energy Agency (IRENA) 

IRENA is mandated as the global hub for renewable energy cooperation and information exchange by 145 Members (144 States and the European Union). Roughly 30 additional countries are in the accession process and actively engaged. IRENA promotes the widespread adoption and sustainable use of all forms of renewable energy, including bioenergy, geothermal, hydropower, ocean, solar and wind energy in the pursuit of sustainable development, energy access, energy security and low-carbon economic growth and prosperity. www.irena.org