09 November 2020 | Articles
While renewable energy is an immediately deployable and a cost-effective emissions reduction tool, its role in Nationally Determined Contributions (NDCs) remains underutilized. Just under a third of country NDCs have no quantifiable renewable electricity target and more than half of all globally potential for renewables has been overlooked in current NDCs.
IRENA works to support Member States develop and implement NDCs that reflect the cost-effective renewable energy potential of each country, and in turn serve the need for more ambitious climate pledges ahead of COP26. The Agency’s work includes conducting in-depth analysis of current NDCs, assessing countries’ renewable energy readiness, helping them to leverage the existing work on renewable energy potential and socio-economic benefits through knowledge transfer and capacity building.
Renewable power components in the first round of NDCs:
IRENA is also an active partner of the UNDP’s Climate Promise – an initiative that aims to support 100 countries to accelerate the enhancement of NDCs in 2020. IRENA’s role is to provide key energy related inputs to support accelerate energy transitions driven by renewables.
In addition, IRENA is a partner of the Climate Investment Platform (CIP). Together with partners SE4All, United Nations Development Programme and in coordination with the Green Climate Fund the global initiative aims to scale up climate action and translate ambitious national climate targets into concrete investments on the ground.