03 | THE RESULTS – OTHER FUNDING
ABDULHAMID ALKHALIFA OPEC Fund President
Our collaboration via this innovative platform marks an important milestone in our joint efforts to address climate change and energy poverty in partner countries. It will help to progress an inclusive and just energy transition that leaves no one behind through investments, new technol- ogies and knowledge sharing.
FRANCESCO LA CAMERA IRENA Director-General
Accelerating a renewables-based energy transition is imperative in the fight against climate change, as it enables us to simultaneously tackle pressing energy challenges and alleviate persistent social inequalities. We are proud to announce the OPEC Fund’s decision to join IRENA’s ETAF Platform, which will significantly strengthen the platform’s role as an effec- tive and agile mobilizer of capital for the most vulnerable economies.
US$130+ trillion Energy system investment required by 2050
US$250 MN OPEC Fund planned contributions to ETAF projects by 2030
5 GW Project goal for renewable energy generation by 2030
(Source: ETAF platform)
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