𝐔𝐧𝐝𝐞𝐫𝐬𝐞𝐜𝐫𝐞𝐭𝐚𝐫𝐲 𝐑𝐨𝐰𝐞𝐧𝐚 𝐂𝐫𝐢𝐬𝐭𝐢𝐧𝐚 𝐋. 𝐆𝐮𝐞𝐯𝐚𝐫𝐚 𝐀𝐝𝐯𝐨𝐜𝐚𝐭𝐞𝐬 𝐟𝐨𝐫 𝐀𝐟𝐟𝐨𝐫𝐝𝐚𝐛𝐥𝐞 𝐑𝐞𝐧𝐞𝐰𝐚𝐛𝐥𝐞 𝐄𝐧𝐞𝐫𝐠𝐲 𝐚𝐭 𝐈𝐑𝐄𝐍𝐀 𝐀𝐬𝐬𝐞𝐦𝐛𝐥𝐲
Speaking at the 15th Session of the International Renewable Energy Agency (IRENA) Assembly, Undersecretary Rowena Cristina L. Guevara of the Philippine Department of Energy underscored the critical importance of reducing capital costs for renewable energy developers. She emphasized that an affordable energy transition is essential for ensuring a just and equitable shift to renewables.
"At the end of the day, in order for the energy transition to be just, we need to afford the electricity generated from renewable energy," Undersecretary Guevara stated. "But in order for that to happen, we hope our partners would be able to address the financing gap."
The IRENA Assembly, held under the theme "Accelerating the Renewable Energy Transition – The Way Forward," brought together high-level delegates from 170 member states, development banks, academia, and private sector leaders to tackle pressing challenges and assess progress in global energy goals. The discussions focused on tripling renewable energy capacity by 2030, fostering innovation, and enhancing international collaboration to meet ambitious climate and sustainability targets.
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