Our work areas
of global greenhouse emissions come from the energy sector.
are needed to reaching net-zero emissions by 2050 — meaning that annual clean energy investments worldwide have to more than triple by 2030.
jobs could be created by the energy transition.
Annual energy-related CO2 emissions need to decline 70% below today's levels by 2050 to set the world on a pathway toward meeting the climate goals. Renewables, energy efficiency and substantial electrification can provide over 90% of the necessary reduction.
are spent every year by governments to subsidise fossil fuels. Repurposing these subsidies could pay three times over the annual amount required to ‘eradicate’ extreme poverty as measured with the PPP$1.90 a day poverty line.
In partnership with others - governments, multilateral agencies, donor community, the private sector, philanthropy and civil society - we build capacity to support interventions with a clear potential to accelerate the achievement of the SDG7 and that are aligned with the Paris Agreement and NDCs targets.
To do so, we work with countries to modernize their energy infrastructure, through innovation and new business models. This will be accompanied by suitable financial mechanisms and policy de-risking approaches to channel public and private climate finance where it is most needed and impactful, and offering a platform for honest dialogues and advice.
Technology and Innovation
The energy transition is especially important in fast-growing developing regions where future industrialization and development will be concentrated. From a technological perspective, all renewable and low-emissions energy technologies will play a role in regional and national energy transitions.
Public and private investments are required to finance hard and social infrastructure. This process will take time, needs to be aligned with nexus areas of development, and will affect national economies. To enable the energy transition, global and national long-term sustainable funding is required.
We support local economies to realize a just energy transition where the benefits of the transition are distributed evenly across people and society, and the potential negative impacts of the transition are minimized for the poorest and most vulnerable communities.
Conventional governance is falling short in addressing today’s complex energy challenges. We need to pay attention to the broader system that may span across sectors and levels. Countries will require governance frameworks to work together to support and address these energy challenges.
Ensuring strong social protection systems for energy transition is critical for delivering on UNDP’s energy ambition. UNDP’s significant intersectional expertise will be critical to bridge the silos by finding non-traditional pathways to tackle the complex energy challenges of our member countries.
DREI: Derisking Renewable Energy Investment Framework
The Derisking Renewable Energy Investment (DREI) Framework is an innovative, quantitative framework to assist policymakers in developing countries to cost-effectively promote and scale-up private sector investment in renewable energy.
The Climate Promise supports 120 countries to reduce their greenhouse gas emissions and meet the challenges of climate change.
Carbon Payment for Development
This new facility aims to incentivise private investments into countries' Nationally Determined Contribution targets and development objectives.