By 2030 .. Mediterranean Partnership Targets Reaching One Terawatt of Renewable Energy
Al-Taj News – The Union for the Mediterranean (UfM) and the TeraMed initiative announced a new regional partnership aimed at accelerating the expansion of renewable energy projects and boosting investment and electrical interconnection among Mediterranean countries, in support of the goal to reach an installed renewable energy capacity of one terawatt by 2030.
The announcement came during a high-level event held at the Mediterranean Pavilion at the United Nations Climate Change Conference (COP31) in the Turkish city of Antalya, according to a statement issued by the Union for the Mediterranean on Tuesday.
The UfM explained that the partnership aims to translate the region’s clean energy goals into actionable projects and measures by enhancing cooperation among countries, developing energy system planning, and mobilizing the necessary financing to invest in renewable energy projects.
The partnership focuses on three main areas, including expanding dialogue and knowledge sharing among governments, policymakers, research institutions, and the private sector; developing technical studies and analyses of energy systems; alongside enhancing financing and investment opportunities.
On the technical side, both parties seek to develop modeling and analysis for energy systems and monitor the progress of the transition toward renewable sources in the region, in alignment with the UfM Ministerial Declaration on Energy adopted in 2021.
