The incoming COP29 Presidency, Azerbaijan, will collaborate with IRENA to monitor progress towards tripling renewable energy capacity and doubling energy efficiency by 2030, as outlined in the First Global Stocktake concluded in the ‘UAE Consensus’ at COP28.
This collaboration was agreed upon by Azerbaijan's Minister for Energy, Parviz Shahbazov, and IRENA’s director-general, Francesco La Camera, during the Baku Energy Week. Both parties also agreed to host a joint launch event at Pre-COP, which will take place in Baku ahead of COP29.
In May, COP28 President Dr. Sultan Al Jaber officially tasked IRENA with establishing a special annual report series to monitor progress and provide recommendations on achieving the key energy goals set in the UAE Consensus at COP28.
The new annual tracking report, led by IRENA as the official Custodian Agency, will be published each year from 2024 to 2030. It will feature the latest data and projections on the tripling of renewables and doubling of energy efficiency by 2030, offering timely and accurate inputs to future COP engagements. The 2024 edition will be released by IRENA in cooperation with the Presidencies of COP28 and COP29, as well as the Global Renewables Alliance (GRA).
The call to triple renewable power capacity and double energy efficiency by 2030 is a crucial part of the global effort to address climate change and keep the 1.5°C target within reach. The UAE Consensus advocates for transitioning away from fossil fuels in energy systems in a just, orderly, and equitable manner, aiming to achieve net zero by 2050.
Azerbaijan's Minister for Energy Parviz Shahbazov said, “Our cooperation with IRENA will contribute to monitoring the energy results of the COP28 consensus and the promotion of countries' actions on renewable energy and energy efficiency by 2030. Within the COP29, we are pleased to support this process and coordinate our efforts to achieve global energy and climate goals.”
IRENA director-general Francesco La Camera added, “Given the centrality of the Agency’s World Energy Transitions Outlook to the tripling of renewables and doubling of energy efficiency goals, IRENA and its 169-strong global membership are best placed to monitor progress towards the historic energy outcomes of COP28. Today’s cooperation between COP29 and IRENA will help ensure we have the continuity required to triple renewables and double efficiency by 2030 – from Dubai to Baku and beyond.”
Azerbaijan to partner with IRENA on renewable energy and efficiency monitoring
Both parties also agreed to host a joint launch event at Pre-COP, which will take place in Baku ahead of COP29. (Image source: IRENA)
