The United Nations Industrial Development Organization (UNIDO) and the Renewable Energy and Energy Efficiency Partnership (REEEP) have reaffirmed their commitment to cooperating for the promotion of sustainable energy solutions and sound environmental practices in developing countries and emerging economies, as a way to further inclusive and sustainable development.
A memorandum of understanding providing a basis for this further cooperation was signed in Vienna today by LI Yong, the Director General of UNIDO, and Martin Hiller, Director General of REEEP.
UNIDO and REEEP are joint hosts of the Private Financing Advisory Network (PFAN), which since its relaunch has benefited from UNIDO’s convening power as a UN organization combined with REEEP’s agility as a small non-profit. PFAN has leveraged over $1.2 billion in private investment for climate and clean energy projects thus far. The two organisations also collaborate on a technology transfer programme working with municipalities in South Africa.
Under the new MoU, UNIDO and REEEP will identify further programmes and projects to help developing countries and emerging economies finance low carbon, climate resilient activities, and introduce modern policies and technologies and sustainable energy solutions, as well as improve access to reliable, clean and affordable energy services.