Renewables to slash 1.7 gigatonnes of emissions per year
Current actions on Renewable Energy and Energy Efficiency in Developing Countries could reduce emissions by 1.7 gigaton a year by 2020 said a new report launched by 1 Gigaton Coalition at UN Climate Change conference at France's capital Paris.
The report 'Narrowing the Emissions Gap: Contributions from renewable energy and energy efficiency activities', also said that initial analysis of almost 6,000 projects targeting renewable energy and energy efficiency in developing countries could reduce CO2 emissions by about 1.7 gigatons a year by 2020.
The report is based on the current level of activities in renewable energy and energy efficiency in the energy sector. The 1 Gigaton Coalition's analysis is based on projects implemented between 2005 and 2012.
The 1 Gigaton Coalition is a voluntary international framework initiated and supported by Norway, and is coordinated by the United Nations Environment Programme (UNEP).
This would assist in reducing emissions gap at 8–10 Gt CO2 equivalent by 2020 which was estimated on UNEP's Emissions Gap Report 2014.
Borge Brende, Norway’s Minister of Foreign Affairs, said: “The study shows what could be achieved through good initiatives and encourages them to build on the momentum of the Paris meeting to continue to increase their ambitions to promote renewable energy and energy efficiency.”
UNEP Executive Director Achim Steiner said: “The potential of increasing renewable energy and energy efficiency in developing countries to tackling climate change cannot be underestimated. But not only do these energy projects move us toward closing the emissions gap, they are also vital for social and economic development of many countries.