Denmark Prime Minister, Helle Thorning-Schmidt and I co-chaired the energy session of the Climate Summit 2014. I called for more emphasis on a global shift towards the use of renewable energy. The challenge has moved on, from whether renewable energy can power modern lifestyles at a reasonable cost, which we now know it can, to how best to finance and accelerate its deployment to increase the share of renewables in the energy mix. I am happy to report that on Kenya’s grid today, we have over 70 percent renewable energy. I am also happy that many African countries are already taking strong action to invest in renewable energy to address the power deficit on the continent. I announced the launch of the Africa Clean Energy Corridor (ACEC) which covers 22 countries in the Eastern and Southern Africa regions and aims at providing affordable, clean and secure renewable power supply. It is a decisive and focused action agenda to link markets and connect resources with demand, and to unlock massive economies of scale for the deployment of renewable energy. We need to turn the challenges of climate change into investment opportunities for present and future generations.
Posted on: Wed, 24 Sep 2014 05:45:17 +0000
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