Day: Monday, 5th October 2015
Time: 14:30 – 16:00
Room: Hall 1B
Recent decades have seen an increase in the deployment of renewable energy technologies spurred by their increasing cost competitiveness as well as conducive policy frameworks. Key drivers include energy security, environmental concerns and energy access. More recently, the socio-economic benefits offered by renewable energy development have come at the forefront of the policy agenda. Project-level data reveal that, on average, renewable energy technologies create more jobs than fossil-fuel technologies. IRENA estimates that renewable energy jobs reached 7.7 million in 2014.
Socio-economic benefits can be realised along the different segments of the value chain, including project planning, manufacturing, installation, grid connection, operation and maintenance and decommissioning. Further opportunities for economic value creation exist in the supporting processes such as policy-making, financial services, education, research and development and consulting. Value creation (and the associated socio-economic benefits) can be maximised through the implementation of a broad range of cross-cutting policy instruments. They are aimed at deploying renewables, promoting investment and technology transfer, strengthening firm-level capabilities, building a domestic industry and promoting education and research, among others. The mix of those policies needs to be tailored to the specific country conditions, in particular the macro-economic situation and the level of maturity of the sector.
Questions to be addressed by the session
- Is renewable energy deployment perceived as an opportunity for economic growth and value creation?
- What are the instruments from various policy areas that facilitate the development of a domestic renewable energy sector and maximise the socio-economic benefits of renewable energy deployment? What is the right mix of instruments?
- In recent years, some countries have imposed local content requirements. What are the lessons learnt from these measures?
- How should policy makers strike the balance between the promotion of local economic development and the risk of unnecessary high costs impeding deployment – especially in small renewable energy markets?
- What lessons can be learnt from developments in other sectors that have benefited from an enabling industrial policy (e.g., the automotive industry)?
- Is the potential for value creation beyond that for the manufacturing segment of the value chain of wind and solar energy technologies (installation, operation and maintenance), fairly recognised and included in political priorities?
- Mr. Pradeep Monga, Director, Energy and Climate Change Branch, United Nations Industrial Development Organization (UNIDO)
- Ms. Christine Lins, Executive Secretary, REN21
- Ms. Rabia Ferroukhi, Head of Policy and Deputy Director – Knowledge, Policy and Finance Centre (KPFC), International Renewable Energy Agency (IRENA)
- Ms. Meryem Lakhssassi, Sustainable Development Officer, Moroccan Agency for Solar Energy (MASEN), Morocco
- Mr. Jannie Retief, CEO, AIIM Renewable Companies, South Africa
- Mr. Evan Rice, CEO, GreenCape, South Africa
Closing remarks:Hon Mr. Ephraim Patel, MP, Minister of Economic Development, South Africa (tbc)