- Home
- Middle East
- UAE
- Energy community meets to advance off-grid renewables in pursuit of development and climate goals
Energy Community Meets To Advance Off-grid Renewables In Pursuit Of Development And Climate Goals
Faizan Hashmi Published November 29, 2021 | 06:45 PM
ABU DHABI, (UrduPoint / Pakistan Point News / WAM - 29th Nov, 2021) Organised by the International Renewable Energy Agency (IRENA), the fifth edition of the International Off-grid Renewable Energy Conference (IOREC) will take place virtually next week from 7th to 9th December 2021.
Now open for registrations, this year’s IOREC will shed light on the urgency to accelerate electrification efforts underscoring the specific opportunity off-grid renewable energy solutions offer in achieving universal access to energy, the 2030 agenda for Sustainable Development and climate goals during this critical decade of action.
While the number of people without access to electricity declined from 1.2 billion in 2010 to 759 million in 2019, under current plans and policies 660 million people will still live without access to energy in 2030. According to IRENA’s World Energy Transitions Outlook report, off-grid renewables still represent only one percent of the overall finance for projects to expand energy access, despite growth in annual financing commitments from US$6 million in 2008 to around US$460 million in 2019.
Policies for and investments in off-grid renewable energy are seen as central to a just and inclusive energy transition that supports the achievement of both socioeconomic and global climate ambitions.
"Off-grid renewables are a fundamental component of the energy transition and a pillar of sustainable development," said Francesco La Camera, Director-General of IRENA. "Global efforts to tackle the effects of the COVID-19 pandemic have served as an unsettling example of the consequences of an energy system defined by inequities and centralised models of generation.
The next period of global development will be based on an energy system that is fundamentally different. Off-grid renewable technologies are at the leading edge of this shift.
"There is undoubtedly strong momentum for the transition but to move fast enough we need collective and coordinated actions by public and private sectors to mobilise investments and scale up the deployment," La Camera continued. "IOREC will take place against this backdrop."
Since its first edition in Accra, Ghana, 2012, IOREC has become a leading global platform for knowledge sharing on enabling policies, tailored financing, innovation in business models and technology, as well as on the socio-economic benefits of off-grid renewables.
The biannual conference will promote the deployment of off-grid systems at a global level, highlighting their role in improving and providing essential services in education and the agri-food & water sector. Additionally, as a follow-up to the first International Conference on Renewable Energy Solutions for Healthcare Facilities held in 2018 and in the context of the ongoing global pandemic, the upcoming edition will host a session on the crucial role of off-grid renewables in the provision of healthcare.
To encourage collaborative action, a virtual networking will be organised in parallel by IOREC’s industry partner, the Alliance for Rural Electrification (ARE). The virtual networking will provide participants with an opportunity to connect and set up meetings with potential business partners, public and private investors, and policymakers attending the event.
Related Topics
Recent Stories
SC all set to take up govt pleas challenging ruling against NAB amendments
Islamabad, Rawalpindi weather update: Rain breaks heat wave
PM calls for urgent steps to make exports more competitive
Interior Minister visits site of under construction Jail in Islamabad
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 10 May 2024
Today Gold Rate in Pakistan 10 May 2024
London, Frankfurt stocks hit record highs on rate-cut hopes
May 9 culprits must be brought to logical end: Hanif Abbasi
Sanchez escapes through dust and gravel for nervy Giro triumph
Balochistan Assembly passes resolution to condemn May 9 attacks
Spain govt vows to block hostile BBVA bid for rival bank
NADRA holds open court to resolve public issues in Quetta
More Stories From Middle East
-
UAE announces ‘Zero Bureaucracy Program’ to reduce bureaucracy
3 months ago -
COP28 President-Designate welcomes Transitional Committee agreement to operationalise Loss and Damag ..
6 months ago -
Global Media Congress 2023 to feature Co-Production Majlis as a new networking platform
6 months ago -
Young female athletes shine at Abu Dhabi World Youth Jiu-Jitsu Championship
6 months ago -
King of Jordan receives Abdullah bin Zayed and ministers participating in Arab coordination meeting
6 months ago -
Abdullah bin Zayed participates in coordination meeting of Arab foreign ministers, joint meeting wit ..
6 months ago
-
3rd annual conference of Emirates Society of Clinical Microbiology kicks off in Dubai
6 months ago -
SIBF 2023 hosts Nobel laureate to discuss emergence of ‘Afrofuturism’ in global discourse
6 months ago -
ALC announces winners of Kanz Al Jeel Award 2023
6 months ago -
SIBF turns spotlight on remarkable contributions of women
6 months ago -
Global assets in spot bitcoin ETFs hit $4.16 billion
6 months ago -
Rescuers struggle to find Nepal quake survivors as deaths reach 157
6 months ago