Southern African Renewable and Alternative Energy Association (SAAEA)
  • Home
  • ABOUT US
    • Services
    • Advertise with us....
    • Our Partners
    • Privacy Policy
  • MEMBERS
    • Members
    • Membership Benefits
  • News
  • Tenders
  • Technologies
    • Wind
    • Solar PV
    • Solar CSP
    • Solar Water Heating
    • Hydro
    • Biogas
    • Biomass
    • Waste to Energy
    • Fuel Cells
    • Batteries
  • FUNDING
  • Events Calendar
  • Contact Us

New Climate Investment Platform Targets Increase in Flow of Capital to Clean Energy Projects

9/26/2019

0 Comments

 
Picture
​IRENA and SEforALL and UNDP announce partnership in coordination with Green Climate Fund to advance low-carbon energy transition and raise climate ambition

New York, NY, 22 September 2019 – In response to country needs to mobilize low-carbon, climate-resilient investments, a new global public good announced today will aim to increase the flow of capital in developing countries to meet climate ambitions. The Climate Investment Platform (CIP) is an inclusive partnership welcoming all stakeholders from governments and international organizations to the private sector to scale-up climate action and translate ambitious national climate targets into concrete investments on the ground.
 
With energy accounting for two thirds of total greenhouse gas emissions, the platform’s first service line is dedicated to the global transition to clean energy. Other service lines, such as adaptation, land use, cities and infrastructure will be launched in the first quarter of 2020. By decluttering and streamlining support to developing countries, the platform aims to accelerate action and advance climate investment in developing countries. Progress will be presented at UNFCCC COP 25 in December 2019.

The service offered by the CIP covers four key building blocks along the climate finance value-chain: supporting governments to specify ambitious energy targets and scale up their nationally determined contributions (NDCs), establishing well-designed, implemented and enforced clean energy policies and regulations, financial de-risking of energy projects, and a market-place to connect clean energy investors and project sponsors.
 
“The Climate Investment Platform is a crucial initiative that will simplify access to climate finance. It will catalyze investment for mitigation and adaptation in developing countries, supporting those most in need of climate action,” said Green Climate Fund Executive Director Yannick Glemarec.

Advertisement
Picture
“Renewable energy is the most effective and ready solution to rising carbon emissions. Together with energy efficiency, they can deliver 90 per cent of the emission reductions needed under the Paris Agreement, but investment and deployment must increase significantly,” said IRENA Director-General Francesco La Camera. “This partnership combines the strengths of the respective organisations to deliver tailored, proactive policy and investment support to set the energy transformation on a climate-safe path.

  “Finance is the lynchpin to achieving Sustainable Development Goal 7 and countries’ Paris Agreement commitments. However, the evidence is clear that global investment is dramatically off track to meet universal access to energy by 2030,” said Rachel Kyte, CEO and Special Representative of the UN Secretary-General for Sustainable Energy for All (SEforALL). “The Climate Investment Platform will help bridge the gap between supply and demand to accelerate capital and scale up climate resilient investments, allowing countries to raise their climate targets and develop policy environments that allow investment to flow.”

 “A powerful partnership of key institutions in the energy sector, the Climate Investment Platform will help to accelerate system-wide change and deliver co-benefits across the Sustainable Development Goals (SDGs) – from employment and economic growth to reduced inequalities and improved health.” said UNDP Administrator Achim Steiner.

Source...
0 Comments



Leave a Reply.

    Picture
    Picture

    Tender Alerts
    ​

    Tenders available to Gold Members....

    Categories

    All
    Air Conditioning
    Algae
    Alternative Energy
    Battery
    Battery Backup
    Bioenergy
    Biofuel
    Biogas
    Biomass
    Blockchain
    Business Opurtunities
    Carbon Credits
    Carbon Footprint
    Carbon Tax
    Carbon Trading
    Clean Cook Stoves
    Climate Change
    Cogeneration
    Concentrated Solar Power
    Cpv
    Csp
    Demand Side Management
    Desalination
    Distributed Generation
    Electric Vehicles
    Embedded Generation
    Employment
    Employment Wanted
    Energy Efficiency
    Energy Management
    Energy Storage
    Eskom
    Events
    Events And Conferences
    FreedomCor
    FSAAEA
    Fuel Cells
    Funding
    Funding For Renewables
    Funnies
    Gas
    Gas Generation
    Gas To Liquids
    Gas To Power
    Generators
    Green Building
    Green Cities
    Heat Recovery
    Hydrogen
    Hydro Power
    Independant Power Producer
    Integrated Resource Plan
    Inverters
    Ipp
    Irp
    Kinetic Energy
    Landfill Gas
    Led Lighting
    LiFePO4
    Load Shedding
    Member Profiles
    Members
    Member Updates
    Methane
    Microgrid
    Mini Grids
    Miscanthus
    MSAAEA
    Nersa
    Net Metering
    News Africa
    News Global
    News South Africa
    News UK
    News USA
    Nuclear
    Ocean Power
    Our Partners
    Our Social Responsibility
    Pay As You Go Solar
    Power Purchase Agreement
    Power Ship
    Ppa
    Pv Mounting Systems
    Reipppp
    Renewable Energy
    Renewable Energy Events
    Renewable-energy-tax-incentives
    Renewables
    Renewables South Africa
    Risk Management
    Rooftop Pv
    SAAEA
    Shale Gas
    Small Project Ipp
    Solar Aircon
    Solar Farm
    Solar Power
    Solar Pv
    Solar Water Heating
    Solar Water Heating Swh6206859afc
    South Africa
    Specials
    Sustainable Development
    SWH
    Technologies
    Tenders
    Tenders For Renewable Energy
    Tesla
    Thin Film Pv
    Training
    Tyre Depolymerisation
    Tyre Recycling
    Ups
    Waste To Energy
    Water
    Wave Power
    Wind Farm
    Wind Measurement
    Wind Power
    Yingli

    RSS Feed

    See older posts...

    View my profile on LinkedIn
Powered by Create your own unique website with customizable templates.