RCREEE Addresses Sustainable Energy Transition in the Arab region during the UN SE4ALL Forum in New York
New York, 19 May 2015 - The Regional Center for Renewable Energy and Energy Efficiency (RCREEE) in collaboration with United Nations Development Programme (UNDP) hosted an expert session on 19 May, 2015, during the 2nd UN Sustainable Energy for All (SE4ALL) Forum in New York.
In the last few years, Arab countries have taken a number of initiatives to promote renewable energy and energy efficiency investments. The session presented these key developments and highlighted current trends in policy and market developments. In particular, the session focused on private sector investment opportunities, highlighted developments in energy subsidy reforms and provided an update on the latest changes in the sustainable energy policy landscapes.
The presentation was based on the recently released 2015 edition of the Arab Future Energy Index (AFEX) developed by RCREEE with support of the UN Development Programme (UNDP) Arab Climate Resilience Initiative. The UNDP Arab Climate Resilience initiative works with countries across the Arab region to achieve low carbon and climate-resilient development pathways.
AFEX 2015 assesses the sustainable energy investment climate in 17 countries of the Arab region and is a key analytical benchmarking tool for tracking progress on national sustainable energy goals. “AFEX provides insights about the energy transition taking place in the Arab region. More than anything, AFEX 2015 illustrates the momentum that sustainable energy systems are gathering in the region. More needs to be changed and done, but the results are overall encouraging”, said Dr. Tareq Emtairah, Executive Director of RCREEE.
While, Dr. Kishan Khoday, Regional Team Leader for Climate Change, DRR and Resilience at UNDP said: “Expanded use of renewable energy and energy efficiency is critical to achieving sustainable development goals in the Arab region. AFEX and RCREEE’s research programs provide a dynamic range of information around sustainable energy policies, institutions, services, and markets. It has emerged as an important metric to facilitate ongoing discussions between policy makers, businesses and communities on how to ensure cleaner and more affordable energy services and ultimately support low carbon climate-resilient development pathways across the region”.
AFEX 2015 Key Findings
Since the first edition of AFEX in September 2013, many countries in the region have made progress towards creating better conditions for the uptake of sustainable energy investments:
- Six countries, Egypt, Jordan, Morocco, Tunisia, Sudan and Yemen, have implemented energy subsidy reforms. Of these countries, Egypt, Jordan and Tunisia implemented energy subsidy reforms in the electricity sector and all six increased prices of oil products.
- In total, there are more than 2,500 MW of renewable energy projects under construction and another 2,500 MW under tendering.
- Tunisia and Jordan moved forward with the implementation of net metering schemes and collectively installed more than 30 MW of small-scale distributed renewable energy systems.
- Morocco and UAE advanced in their IPP public competitive bidding processes and awarded contracts for the development of large-scale solar projects.
- Lebanon and Palestine made progress in successfully operationalizing energy efficiency funds. Lebanon in particular has been successful in leveraging private funds for financing energy efficiency projects through its funding mechanism “National Energy Efficiency and Renewable Energy Action”.
Check the photos from here
About the Regional Center for Renewable Energy and Energy Efficiency (RCREEE)
The Regional Center for Renewable Energy and Energy Efficiency (RCREEE) is an independent not-for-profit regional organization which aims to enable and increase the adoption of renewable energy and energy efficiency practices in the Arab region. RCREEE teams with regional governments and global organizations to initiate and lead clean energy policy dialogues, strategies, technologies and capacity development in order to increase Arab states’ share of tomorrow’s energy.
For all media inquiries, please contact:
Tel: +20 2 241 54755 (Ext: 120)
Email: [email protected]
About the United Nations Development Programme (UNDP)
As the leading global organization in the fight against poverty, UNDP is responding on the front lines of climate change – where it hits the world’s 2.6 billion poorest people the hardest. UNDP works with national, regional, and local partners to help them respond effectively to climate change and promote low-emission, climate-resilient development. UNDP is the UNs leading provider of assistance in the area of climate change and sustainable energy, with over $1.2billion of technical assistance projects in over 140 countries and territories.