The Africa 2020 Access to Renewables Initiative A PARTNERSHIP FOR ACCELERATED DEPLOYMENT OF SUSTAINABLE ENERGY TECHNOLOGIES AND FINANCE UNEP  Objective of the session  The proposed Initiative Outline of the Presentation  Rationale  Main elements  Links to other initiatives  Possible timeline Objectives of the session  Share information about Africa 2020 initiative  Seek your views on the concept  Explore and discuss options for creating synergies and coordination between this initiative and existing initiatives in the African energy sector;  Explore potential contribution of this Initiative to unlocking Mitigation actions in Africa Global Trends in Renewable Energy Investment 2015 report (frankfurt school. UNEP collaborating center)  Renewables Re-energized: Green Energy Investments Worldwide Surge 17% to $270 Billion in 2014  Wind, solar, biomass and waste-to-power, geothermal, small hydro and marine power contributed an estimated 9.1% of world electricity generation in 2014, compared to 8.5% in 2013. This would be equivalent to a saving of 1.3 gigatonnes of CO2 taking place as a result of the installed capacity of those renewable sources The Proposal Goal: Install 10,000 megawatts of renewable energy capacities in 15/20 countries by 2020 for: Energy access Economic development Climate change A bold response to drive transformation of Africa’s energy economy and markets:  Meet expanding energy needs  Contribute to the implementation AU PIDA (Agenda 2063)  Catalyze deployment of new/additional renewable energy sources  Produce economic and employment benefits Rationale The African continent has: A persistent and urgent need for electricity supply Immense RE resources: solar, geothermal, wind, small hydro Access to lower cost, more mature RE technologies Growing experience in RE deployment A renewable energy “rich” energy development path for Africa is entirely feasible! Main Elements of the Initiative Provide 10,000 MW of RE capacity through: • Investment of around US$20 billion (from IFIs, sub- regional and national banks, private equity funds) • Tapping industrial expertise from Europe, China, etc. • Capacity building/enhancement of regional / national actors • Development of local skills factored in all elements to build the basis for sustained expansion of RE in Africa Possible structure of the Initiative  Political lead Implementation Strategy • Leadership from Africa: o Political support and engagement (AMCEN, CAHOSCC) o National commitments for policy frameworks, enabling conditions, and co-finance • Fostering strategic partnership for a transformative finance and technology • Establish a Consortium of international institutions for planning, coordination, implementation and advisory support • Engage Private enterprises that are pre-assessed and committed to be active investment partners Links to Other Initiatives Africa 2020 would build on and enhance the many existing sustainable energy development efforts in Africa  Link with ongoing initiatives of various scale and scope (capacity building for policy development, finance, support to project preparation, etc.)  Strengthen coherence and sequencing in national, regional and continent-wide strategies (policies, investments)  Bring new dimension of cooperation with ongoing efforts through trilateral approach Update on the consultation process so far  Consultations with some African HoS/Gvts during AU      January Summit Discussion during AMCEN XV Session in Cairo, March 2-6, 2015 Regional Consultative meeting held in Addis Ababa March, 17 (5 countries, ECA, AUC, AGN, UNEP, IRENA, NEPAD, SE4All, UNFCCC). Report is available Concept under finalization based on Addis Discussion UNEP is putting in place a technical team to develop a full fledged Programme document Expected to be endorsed by AU Summit in June 2015 Timeline and way forward December/Febr uary Informal discussions Draft concept with numbers, target and specific sectors March Consulative meeting in Addis Ababa May Concept validated by political actors in China/Europe (Heads of State & Government, ministers, CEOs) COP 21 April Concept validated by political actors in Africa (Heads of State & Government, ministers, CEOs) July - August Validation workshop September Full proposal developed and announced January 2016 Start up and mobilization; Establishment of functional Hub Thank you very much Merci beaucoup Shukran