REN21: Benefits of renewables outweigh potential negative impact they may generate

Rana Adib, the Executive Director of REN21, recently sat down with CNBC Africa to discuss the Renewable Energy and Sustainability Report published by REN21. Adib emphasized that renewables are the most sustainable energy source for tackling climate change, pollution, and biodiversity loss. The report, compiled in collaboration with over 200 experts, highlights the significant benefits of renewable energy compared to fossil fuels. The report examined various impacts, including environmental, mineral use, and energy justice to assess the sustainability of renewable energy technologies. While acknowledging that renewable energy infrastructure does have some environmental impacts, Adib pointed out that there are best practices, standards, policies, and regulations in place to mitigate these impacts and enhance the benefits of renewable energy. For instance, renewable energy projects can coexist with agricultural activities, providing additional income for farmers and boosting agricultural production. Adib stressed the importance of data in the report, which was gathered from a diverse range of stakeholders, including experts from renewable energy, government, industry, civil society, and environmental and human rights organizations. This approach ensured that the data was comprehensive, trustworthy, and reflective of various perspectives and interests. Adib underscored the need for a shared understanding and confidence among stakeholders for a sustainable and equitable energy transition. With fossil fuels accounting for 80% of the global energy economy and contributing significantly to climate change, air pollution, and biodiversity loss, Adib emphasized the urgency of transitioning to renewable energy. She highlighted that renewable energy not only offers environmental and social benefits but also economic opportunities, such as job creation and local economic development. Adib referenced COP28, where over 130 countries, including many in Africa, committed to tripling renewable energy capacities, signaling a global shift towards renewable energy. Adib called for the implementation of appropriate financial and trade agreements, as well as local content conditions, to maximize the benefits of renewables and drive a sustainable energy transition.