IRENA and GIZ partnership to promote sustainable development

Sustainable energy

Germany The International Renewable Energy Agency (IRENA) and the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH have agreed to expand their existing collaboration.

The main areas of cooperation include the promotion of the energy transition, the encouragement of investment in renewable energy, and the development of a global green economy in order to promote sustainable development.

The energy industry accounts for the majority of worldwide carbon dioxide (CO2) emissions. To limit climate change, these emissions must be significantly decreased. The aim for the energy sector is to achieve climate neutrality by 2050 while also delivering affordable, reliable, sustainable, and modern energy for everybody — as outlined in the United Nations Sustainable Development Goal (SDG) 7.

Another key focus will be on advancing energy planning in support of the sustainable energy transition. Investment in the energy sector has long-term repercussions. Having a solid, long-term energy picture based on planning is essential for seizing opportunities and avoiding potential pitfalls. Planning the energy transition provides socioeconomic benefits, lowers costs, and can stimulate innovation and investment. IRENA and GIZ will assist nations in developing and enhancing local talents through the present network for long-term energy scenarios. The collaboration will also aid in the spread of best practices among national energy planning practitioners.

IRENA and GIZ have previously worked together on a number of occasions. For example, the GIZ-implemented project GET.transform already works closely with IRENA via IRENA’s Long-term Energy Scenarios (LTES) network. Both organizations have also collaborated in favor of the ECOWAS-green Region’s power market (ProCEM) and IRENA’s Global Renewable Energy Island Network (GREIN).