IRENA to Monitor UAE Consensus Renewable Energy and Efficiency Goals, Announce Annual Report Series

Renewable-Energy

Abu Dhabi – COP28 President Dr. Sultan Al Jaber has officially tasked the International Renewable Energy Agency (IRENA) with creating an annual report series to monitor and recommend actions on the UAE Consensus renewable energy and energy efficiency goals set at COP28.

The UAE Consensus aims to triple renewable power capacity and double energy efficiency by 2030, key measures in the global effort to address climate change and maintain the 1.5°C target. This initiative focuses on transitioning away from fossil fuels in an equitable manner, with a net-zero target by 2050.

“Tripling renewable energy capacity and doubling energy efficiency by 2030 are essential parts of the UAE Consensus, agreed upon by all 198 Parties at COP28,” stated Dr. Sultan Al Jaber. “IRENA’s annual report will be crucial in tracking global progress towards these targets, ensuring we turn agreements into action and keep the 1.5°C goal within reach. The energy transition represents the greatest opportunity for social and economic development since the industrial revolution, and IRENA is a key partner in this transformative journey.”

IRENA Director-General Francesco La Camera expressed the agency’s commitment to this role: “IRENA is fully committed to the successful implementation of the historic UAE Consensus. As the central body for the World Energy Transitions Outlook 1.5°C Pathway, IRENA is well-positioned to monitor and report on progress towards these critical renewable energy and efficiency goals, ensuring commitments translate into concrete actions.”

The new annual tracking report, to be developed and published by IRENA from 2024 to 2030, will provide the latest data and projections on the progress of these energy goals, offering essential insights for future COP engagements.

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