IRENA and Cassa Depositi e Prestiti will promote the transition to renewable energy in developing countries and on a global scale to accelerate decarbonisation.
The aim is to achieve the United Nations 2030 Agenda for Sustainable Development goals by helping each country pursue its full renewable energy potential, whilst positioning renewables as the key to a sustainable future.
Francesco La Camera, director-general of IRENA, said: “We have entered a decade in which we must pursue sustainable development goals and climate objectives with increased urgency.
“Key to success will be our ability to mobilise the capital necessary to transition the energy system from traditional to renewable sources. Agreements such as this represent a positive step towards these goals and reinforce the investment community’s commitment accelerating the transition.
“It is necessary to have a collective commitment for the achievement of the 2030 United Nations Agenda objectives and, in particular, to foster renewable energy, in view of the global scale of the energy transition,” stated Antonella Baldino, chief international development finance officer at Cassa Depositi e Prestiti. “This is the decisive challenge for our generation and the agreement we have signed is an important step towards a sustainable, long-lasting and inclusive growth”.