New UNDP strategies to promote renewable and reliable electricity in Yemen
The United Nations Development Programme in Yemen announced two new strategies to foster private sector engagement and promote investment in renewable energy within the nation.
The two strategies recognize the Yemeni private sector as a partner in essential areas of recovery and reconstruction, including the supply of reliable and clean energy.
Its first plan, the Private Sector Engagement Strategy, emphasizes a dynamic and inclusive partnership with the country’s private sector to promote green, inclusive economic development, create jobs, and enhance Yemen’s standards of living.
Its second strategy, the Mixed-Renewable Energy Investment Plan, aims to address the problem of inaccessible sustainable energy and electricity cuts, extending 12 hours a day.
The press release states, “The investment plan suggests an on-grid and off-grid solution for clean energy, aiming to restore critical services, expand solar access, and reduce system losses in the short term. This means increased access to reliable and affordable electricity for communities across Yemen.”
Read more: UNDP & Warba Bank to launch free online course on ESG standards
UNDP Yemen Resident Representative Zena Ali Ahmad said, “Together with local and international partners, we are shifting towards a greener economy in Yemen, with increased renewable energy options and a focus on widespread sustainable, inclusive development.”
Due to the prolonged crisis in Yemen, many essential business communities have relocated abroad, taking valuable investment support with them. Therefore, the press release stresses that to stimulate economic growth in Yemen, the private sector community needs a conducive development environment as a prerequisite for doing business.
This includes investing in clean energy solutions, which would consider environmental impact and support the thousands of households, public facilities, and businesses struggling with consistent access to electricity in Yemen.
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