ABU DHABI, 2nd December, 2017 (WAM) -- The rapid growth in member-states for the International Renewable Energy Agency, IRENA, is yet another testimony of the central role played by Abu Dhabi in the renewable energy sector, an English language daily has said.
In an editorial on Saturday, the Gulf News said, "Headquartered in the UAE capital for barely more than six years, IRENA's ranks have swelled with 153 members, including the European Union, joining the fray while 27 others are currently engaged in securing the membership process a unique achievement in the history of international cooperation.
"The growing determination of nations to help transform the world’s energy landscape into something more sustainable for the future comes at a critical time. With initiatives around the world to implement the Paris Agreement on climate change and the Sustainable Development Goals of the United Nations, the focus on renewable energy deployment has now become more important than ever before. And that’s where Irena, with constant support from Abu Dhabi, is set to usher in a revolution in energy production and consumption, sustaining an energy sector that is clean, safe and efficient."
"The agency, for instance, has partnered with the Abu Dhabi Fund for Development to provide US$46 million (AED169.18 million) in loans for various renewable energy projects in Africa and the Caribbean. The UAE’s vision for the endorsement and support of renewable energy has transformed it into a mainstream energy source that drives the country’s economic diversification goals and will ultimately lead to more innovation and prosperity," the paper continued.
The Dubai-based daily concluded, "By bringing together governments, business leaders and energy innovators from around the world to address often difficult challenges in sustainability, the UAE and Abu Dhabi have been the global catalyst needed to avert a climate catastrophe."