USD 131 trillion needs to flow into the energy system to 2050 that prioritises technology avenues compatible with 1.5॰C pathway. Between now and 2050, over 80% of the USD 131 trillion must be invested in clean energy technologies, not limited to traditional renewable generation, energy conservation and efficiencies, end-use electrification, power grids, sustainable bioenergy, hydrogen.
The Energy Transition Accelerator Financing (ETAF) Platform is a new initiative hosted by IRENA. ETAF leverages
- The institutional convening power of IRENA as a hub of knowledge and expertise on renewable energy and pathways to the clean energy transition;
- The commitment of the United Arab Emirates (UAE), the host of IRENA and country’s engagement to a net-zero carbon future, and;
- The strong partnership with Abu Dhabi Fund for Development (ADFD), illustrated by the track record built from the IRENA-ADFD Facility implemented during 2013-2020.
ETAF aims to mobilise approximately USD 1 billion capital resources to support the energy transition by 2030.
A series of webinars have been organised to contextualise the regional renewable energy financing challenges and introduce how ETAF could contribute to closing this gap.
Closed event (by invitation only)