As part of efforts to design green recovery programmes that maximise regional and national value creation, Dolf Gielen, said policymakers need to recognise renewable energy to create more jobs for the sector .
Mr. Gielen Director, IRENA Innovation and Technology Centre made this statement on behalf of the International Renewable Energy Agency (IRENA), during an online press conference on Thursday 25 June, 2020.
He added that the annual energy-related Co2 emission would need to decline by at least below 70 percent by 2050, adding that electrification, green hydrogen and synthetic fuels will play a crucial role to reach zero emissions.
Mr. Gielen explained that investments in energy transition technologies need to grow two-fold between 2021 and 2023 (USD 2 trillion per year) compared to 2019 levels (USD 825 billion).
Climate change and environmental degradation are existential threats to the economy worldwide. Therefore, a new growth strategy is needed if countries want to make a successful transition to a modern, resource-efficient and competitive economy.
Europe in particular had laid out a roadmap for a sustainable EU economy which aims to ensure that climate and environmental challenges are successfully addressed across all policy areas.