Experts and officials from the Europe and Central Asia discussed involvement of private sector in sustainable energy solutions

Jun 1, 2014

Participants from governments, international organizations, financial institutions and private sector discussed specific actions on how to leverage more private sector investments in sustainable energy solutions across the Europe and the Commonwealth of Independent States region.

New Horizons - The Regional Conference on “Scaling up Sustainable Energy Solutions – Role of the Private Sector” has been jointly organized on 13-14 May by Islamic Development Bank and the United Nations Development Programme and hosted by the Government of Turkey, Ministry of Energy and Natural Resources.

The regional conference took place in the context of the organizers’ commitments to expand engagements on energy efficiency, renewable energy, and energy access in line with UN Secretary General’s Initiative on Sustainable Energy for All (SE4ALL).

Sustainable Energy for All is a pioneering initiative that was launched by UN Secretary General Ban Ki-moon in September 2011 and set three interlinked objectives for the international community to achieve by 2030: Ensuring universal access to modern energy services; doubling the global rate of improvement in energy efficiency and doubling the share of renewable energy in global energy mix.

New partnerships for promoting sustainable energy

The sessions of the conference focused on challenges and opportunities for private sector involvement in sustainable energy solution in Europe and Central Asia region. The conference  concentrated on concrete public-private partnerships and specific investments and facilitation of the sharing of experiences and success stories on private sector involvement in energy programmes among a broad range of partners, international agencies and private sector actors.

The conference helped enhance networking between public institutions, international organizations, financing institutions and private sector that are active in sustainable energy across the region. During the conference, high-impact opportunities in sustainable energy solutions for business in the region were identified, beyond just showing existing initiatives.

Turkey announced its commitment to support SE4ALL

There are six countries from Europe and Commonwealth of Independent States (ECIS) region who engaged with the initiative and Turkey is also among these countries who expressed an interest in advancing Sustainable Energy for All.

At the conference, Turkey announced that it will join the UN Secretary General's SE4ALL initiative. Joining the SE4ALL initiative will help Turkey to systematically achieve its ambitious national targets to reach 20,000 MW of installed wind capacity, 3,000 MW of installed solar power capacity and to utilize its available hydro potential by 2023 as lied out in the “Electricity Energy Market and Supply Security Strategy Paper”.