A second initiative, also coordinated by the International Renewable Energy Agency (IRENA), aims to deliver a cleaner energy mix for up to 4.7 million people on the frontlines of climate change in so-called small island developing States.
“These initiatives will help reduce emissions and contribute to improved health, wealth and opportunity, and a life of dignity for all,” said Secretary-General Ban Ki-moon, who is hosting as Climate Summit today in New York to mobilize resources and generate actions that will reduce emissions and build resilience to climate change.
At the Summit, 19 ministers from Africa endorsed the Africa Clean Energy Corridor (ACEC). If developed as planned, the initiative will advance the development of renewable energy projects used by the Eastern Africa Power Pool and Southern African Power Pool from its current 12 per cent to at least 40 per cent by 2030.
Meanwhile, the Small Island Developing States Lighthouse Initiative pledges to mobilize $500 million within five years and deploy 100 megawatts of new solar photovoltaic capacity, consisting of new wind power, significant quantities of small hydropower and geothermal energy, and marine technology.
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