11.4 C
New York
Monday, January 30, 2023

New Africa renewable energy manufacturing initiative to produce 1.2 terawatts of energy, create 14 million jobs –

During Abu Dhabi Sustainability Week, Sustainable Energy for All (SEforALL), Climate Foundation Africa, Bloomberg Philanthropies, ClimateWorks Foundation and China Renewable Energy Industry Association (CREIA) launched on Tuesday African Renewable Energy Manufacturing Initiative (AREMI) to catalyze investment and mobilize action in African countries to expand renewable energy manufacturing capacity.

With Africa’s massive energy potential of 1.2 terawatts, 14 million new jobs and 6.4% GDP growth under the Green Transition Scenario, this new international initiative will help drive the financial, technological and Socio-Economic Investing in Africa’s Development and Transformation.

With 60% of the world’s best solar resources, Africa has the potential to become a global hub for green manufacturing, with solar photovoltaic (PV) expected to grow to 650 GW by 2050.

“Ending energy poverty, saving lives and avoiding a wider energy crisis means investing in and scaling up sustainable and renewable development projects in Africa,” said Damilola Ogunbiyi, UN Secretary-General’s Special Representative for Sustainable Energy for All. – Chair of UN-Energy.

“This requires public and private financing to drive renewable energy manufacturing capacity in African countries. Through the African Renewable Energy Manufacturing Initiative, African countries will be able to close the energy gap, boost economic growth, and achieve a just and equitable energy transition.”

As African countries make progress in energy development and transition, it becomes increasingly important to build local supply chains and talent to ensure that the socio-economic benefits of renewable energy and sustainable development are delivered locally.

AREMI will focus on capacity building, knowledge transfer, policy dialogue and advocacy, and pilot projects to drive low-emission development and carbon neutrality in Africa through four key programmes.

The first is creating a best-in-class business environment and driving market demand: working with African government officials to accelerate and strengthen their decision-making on green manufacturing through policy awareness, leadership development and advocacy.

The second is to build a green manufacturing workforce in Africa: expand training, employment and career development opportunities for African engineering and technical personnel by supporting technical schools, online courses and worker exchanges.

The third is to attract green manufacturers to Africa: help build a refined business case, identify best operating models, support tailored advocacy and policy negotiations, scale up green capacity investments and best practice partnerships, and provide support for mature green manufacturing Provide better consulting and financing services for suppliers and cultivate a sound green manufacturing ecosystem.

The fourth is to incubate African green manufacturing projects and policies: provide end-to-end funding support for African green manufacturing projects from planning, financing to project operation and sales.

“With some of the fastest-growing economies, Africa has the potential to become a global energy leader and address the twin challenges of energy poverty and the climate crisis,” said Antha Williams, head of the environment program at Bloomberg Philanthropies. “However, clean energy investment in Africa is currently alarmingly low. Changing this will require new levels of collaboration to unlock the funds needed to electrify and decarbonize Africa. The African Renewable Energy Manufacturing Initiative will drive new levels of collaboration to scale up and boost green manufacturing capacity, create good jobs and make renewable energy a vital economic pillar on the continent and around the world.”

“Building green manufacturing capacity is key to rapidly scaling renewable energy in Africa,” said Helen Mountford, President and CEO of the ClimateWorks Foundation. “Many countries from the global South are now leading global renewable energy supply chains. Collaborating and sharing lessons learned from renewable energy production efforts in China, India, ASEAN countries, and others can help African countries build their own capacity and quickly address obstacle.

“This could help them unlock significant investment and commercial partnerships in manufacturing and deployment, and accelerate domestic efforts to alleviate energy poverty. ClimateWorks is proud to partner with the African Renewable Energy Manufacturing Initiative to support African countries in their efforts to create sustainable, prosperous A vision for an economy that benefits communities and tackles the climate crisis.”

“The legitimacy of climate investments can be measured by the extent to which they seek to ensure inclusiveness and address unemployment and poverty,” said Saleem Fakir, executive director of the Africa Climate Foundation.

“By working with intergovernmental agencies, businesses, financial institutions and research institutions, the Africa Renewable Energy Manufacturing Initiative will capitalize on Africa’s growing economy and population, while laying a solid foundation for sustainable economic growth and renewable energy production across the continent. Base.”

“Collaboration is key to fostering innovation in combating climate change,” said Mr Li Junfeng, President of the China Renewable Energy Industry Association (CREIA).

“Climate change is a common challenge for all countries around the world and an opportunity to reduce emissions together, because when one country succeeds, others benefit. The Africa Renewable Energy Manufacturing Initiative provides a platform for public and private actors to combine Come together to share knowledge, advances in technology and build capacity to create a clean future in Africa and around the world.”

“Africa is home to the youngest population in the world, with 70 percent of Africa’s population under the age of 35, or 995 million people,” said Jeanette M. Gitobu, Global Wind’s Global Women’s Leadership Program Director and Africa Policy Advisor. Energy Commission (GWEC).

“Engaging young people in Africa in tackling the twin challenges of the climate crisis and energy poverty is not only an inclusive issue, but also critical to fostering a people-centred energy transition. The Manufacturing Africa Renewable Energy initiative will enable African countries to gain access to renewable energy Socio-economic benefits, thereby putting the continent on a path to carbon neutrality while providing green job opportunities for African youth.”

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Latest Articles