COP27: IRENA and REN21 contributions to build renewable energy markets
1 of December 2022
COP27: IRENA and REN21 contributions to build renewable energy markets

Within the scope of the United Nations Conference (COP27) that took place in Sharm el-Sheik, Egypt, we highlight the contributions and activities developed by the International Renewable Energy Agency (IRENA) and REN21, of which ALER is a member.

As the world increasingly recognizes renewable energy as a multiplier solution that addresses climate challenges, promotes socio-economic growth and increases energy security in the midst of the global energy crisis, Francesco La Camera, Director General of IRENA, highlighted the need to rethink how international cooperation works. In this way, he asked that the presented solutions bring tangible benefits to people and communities: “Developing countries need resources to build infrastructure, know-how to develop enabling structures and human capacity to play a role in transforming the global energy system” .

Within the framework of COP27, IRENA published the report “Renewable energy targets in 2022: A guide to design”, a guide to assess the level of ambition of renewable energy in national climate pledges and the reference targets in relation to the global climate target of limiting the temperature increase to 1.5°C. This report aims to demonstrate that the collective level of ambition for energy transition is not enough.

Also within the scope of COP27, REN21 contributed with the publication of thir first edition of the summary “Renewables and Natural Gas in the lead up to COP27”. This document strategically reviews discussions and information on renewable energy and natural gas ahead of COP27 and highlights key messages for renewable energy leadership.

“Our Strategic Intelligence Briefs are born out of our belief that, for renewable energy to be implemented in our economies and societies, it is necessary to strategically align our thinking and analysis beyond the renewable energy bubble and to know how to engage with a diversity of stakeholders, ecosystems and perspectives”, highlighted the REN21 spokesperson.