The main objective of the joint research project is to define a global reference standard for renewable energy, with a focus on solar, wind, hydro, geothermal and other technologies, including energy storage batteries, and to support this by providing specific data according to each region.
Dr. Sultan bin Ahmed Al-Jaber, Minister of Industry and Advanced Technologies of the United Arab Emirates, appointed President of the COP28 conference, said that the cooperation between “Masdar” and the International Renewable Energy Agency “IRENA in this research project will help to highlight the important role of renewable energy sources in reducing global warming and the impacts of climate change, in conjunction with the UAE’s drive to host the world at COP28.
He added: “Masdar has demonstrated its commitment to increasing its total capacity fivefold to 100 gigawatts by the end of this decade. We are confident that this ambitious goal can be achieved, especially as the cost of the solar power has seen a remarkable increase and decline, reaching less than 2 cents per kilowatt-hour, improving the economic viability of renewable energy projects, driving innovation and encouraging the world’s commitment to tripling total generation capacity of the renewable energy sector by 2030.
For his part, Francesco Lacamera, Director General of the International Renewable Energy Agency (IRENA), said: “The transition to renewable energy sources is an effective and sustainable solution to many challenges facing the world. today, especially in light of their competitiveness. costs, and we have the technology to accelerate the pace of development of these resources. » resources and disseminate them widely and quickly.
He added: “In 2022, renewable energy sources saw an increase in production of 300 gigawatts, so that renewables now constitute 40% of total global energy production. Despite this progress, the energy transition process is still falling short of required expectations, as IRENA’s research indicates. “Linked to global energy transitions, the deployment of renewable energy sources must reach 1,000 gigawatts per year if we are to achieve the desired goal of keeping the global temperature below 1.5 degrees Celsius.
The joint project between “Masdar” and “IRENA” will focus on addressing the challenges faced by several regions of the world, which prevent them from meeting their needs and ambitions in the field of renewable energies, and will contribute to providing recommendations and to develop action strategies, in accordance with the objectives and aspirations of the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP28).
The results of the “Petersburg Climate Dialogue”, held recently in Berlin, confirmed that there is a clear consensus around the world on concerted efforts to reduce global emissions and set a global goal to extend climate change. deployment of renewable energy sources.
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