On January 27, GREENMAP and UNEP signed a Memorandum of Understanding under which both organizations will collaborate to promote the decarbonization of the energy sector in the LAC region.
PRESS RELEASE | February 07, 2022
The agreement lays the basis for strategic cooperation that will focus on areas of common concern and interest including:
- Renewable energy development;
- Power sector analysis;
- Energy sector decarbonization;
- Credit-enhancement tools;
- Risk analysis and mitigation;
- Program-based guarantee design and implementation; and
- the key areas of collaboration to boost the decarbonization of the energy sector.
“This MOU formalizes the ambition of both institutions and UNEP’s endorsement towards GREENMAP to accelerate deployment of renewable generation in Latin America,” said Sebastian Kind, GREENMAP’s Chairman and Co-founder. “We need to push for a decarbonized, clean and better world in support of the climate goals and the 2030 Sustainable Development Agenda. I am pleased that we have joined forces towards achieving renewable energy for all.”
“Despite creating 5 times more jobs than investments in fossil fuels, non-conventional renewable energy need to be accelerated massively in the region,” said Gustau Mañez, UNEP’s Climate change coordinator for Latin America and the Caribbean. “It is estimated that we need to quadruple the rate of installation of renewable energy generation systems to decarbonize the region's economies by 2050, yet there is a large financing gap to make this happen. This partnership with GREENMAP seeks to identify opportunities to attract and channel much-needed finance to reduce emissions while creating sustainable jobs in the context of post-COVID19 recovery.”
GREENMAP stands for Global Renewable Energy Mass Adoption Program. We are an impact-driven and independent non-profit organization. Our aim and focus is to accelerate deployment of renewable generation in developing economies by directly supporting governments in the design and implementation of stable regulatory frameworks, competitive procurement processes and new financial and credit enhancement tools. We focus on implementation to facilitate bankability, foster competition, and boost the local and foreign investments needed to materialize project installations, local economic and social development and the reduction of GHG emissions.
About the United Nations Environment Programme
UNEP is the leading global voice on the environment. It provides leadership and encourages partnership in caring for the environment by inspiring, informing, and enabling nations and peoples to improve their quality of life without compromising that of future generations. UN Environment works with governments, the private sector, civil society, and other UN entities and international organizations across the world.