Renewable Energy Spurs Agreements for Africa | Global Trade Magazine
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  December 3rd, 2018 | Written by

Renewable Energy Spurs Agreements for Africa

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  • "Clean energies and technologies are able to provide social wealth, peace and stability to developing countries."
  • “There can be little economic activity and few development prospects, with such an absence of electricity."

An official agreement was signed today during the 24th Conference of the Parties held in Katowice, Poland to increase efforts supporting renewable energy, specifically pertaining to the lesser developed countries and regions in Africa. The agreement was signed between the UNCTAD and the World Alliance for Efficient Solutions.

“With this agreement, UNCTAD and the World Alliance will work together to introduce concrete solutions to Africa in support of Sustainable Development Goal 7 on ensuring access to affordable, reliable, sustainable and modern energy for all,” UNCTAD Deputy Secretary-General Isabelle Durant said.

Motivated by Sustainable Development Goal 7 which focuses on, “Ensuring access to affordable, reliable and modern energy for all has come one step closer due to recent progress in electrification, particularly in LDCs, and improvements in industrial energy efficiency,” (SG7). Benefits can impact efforts for stabilizing social wealth and peaceful relations, according to a statement from Piccard of the UNCTAD.

“There can be little economic activity and few development prospects, with such an absence of electricity. No entrepreneur, no multinational, no digital infrastructure, no start-up can properly function without it,” Durant stated.

Increased energy is at a constant demand for the continent, as more opportunities for economic development and trade efforts present themselves. According to Future Energy Africa, 2030 is the predicted transition year for complete energy transition. It will take many more agreements and efforts to meet this prediction and set the market up for success.

“Clean energies and technologies are able to provide social wealth, peace and stability to developing countries. The Solar Impulse Foundation and the United Nations Conference for Trade and Development are going to prove it through a collaboration that will bring profitable and clean solutions, to help with environmentally friendly growth, to the regions who need it the most, ” Piccard commented.

Source: UNCTAD

 

 


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