As UNFCCC parties work towards implementing their nationally determined contributions (NDCs), it is important to highlight the key role of clean energy. Scaling up clean energy is crucial in order to successfully mitigate climate change. This is one of the main rationales behind the International Solar Alliance, launched at COP21.
In addition to the positive climate impacts, there are also considerable economic and social co-benefits from shifting to clean energy, including spurring industrial development, generating employment, enhancing energy access and improving health. These are particularly relevant for many developing countries.
While many countries today lack manufacturing capacity in clean energy, there are ample opportunities for specialising in different segments of clean energy value chains, including in smaller, less capital-intensive components and downstream services. In order to grasp the opportunities related to clean energy value chains, decision-makers do, however, need to understand the drivers and barriers, so as to be able to create enabling environments both domestically as well as through supportive international frameworks.
In the clean energy sector, financing as well as stable and clear public policies are crucial components. International trade frameworks are also important for stimulating the optimisation of value chains. However, trade-related challenges remain on multiple fronts, including tariffs as well as non-tariff measures.
This side-event will explore how clean energy value chains relate to jobs, growth, development, financing and trade-related policies. It will showcase the example of the International Solar Alliance and discuss how policies can be designed to enhance synergies. The purpose of this is to provide options for enhanced climate action that promotes sustainable, equitable and inclusive growth and development.
The event will take place on Thursday, 10 November at 11:00-12:30 in Room TENSIFT in the Green Zone of the COP.