The International Renewable Energy Agency (IRENA) has published a new report. It has highlighted several policy measures that would come in handy in advancing Jordan’s transition to renewable energy. The report titled The Renewable Readiness Assessment: The Hashemite Kingdom of Jordan became a success with its Ministry of Energy and Mineral Resources’ help. Jordan is striving to hit a target of renewables contributing up to 31% of energy to the national power grid by 2030. This report suggests opportunities the country could utilize to ensure that the private sector successfully achieves the national goal.
According to Jordan’s Minister of Energy and Mineral Resources Engineer Hala Zawadi, the report’s suggestions are in line with the Energy strategy 2020-2030 recently issued and its action plan. Equally important, he acknowledged the importance of the collaboration between the public and the private sector in the said target’s success. He also added that even international collaborations are welcome to ensure that renewable energy becomes the country’s energy sector’s backbone soon.
The policies in the reports are all about boosting energy supply diversity and increasing energy security. The proposed means include massive adoption of renewables, accelerating electrification among end-users, and availing energy transaction investments as much as possible from domestic entities. Out of experience, Jordan wouldn’t hesitate to enable possible policies and frameworks in favor of renewables. After all, previous similar measures have seen renewables’ contribution to the power grid increase from about 0 to 20 between 2014 and 2020. The support of the policies and frameworks towards deploying renewable energy technologies such as onshore wind and solar photovoltaic is indisputable.
Supposedly, Jordan has a huge potential as far as renewable energy is concerned. If used accordingly, it would stimulate sustainable growth, create jobs, improve national energy security, and reduce the energy cost incurred by end-users. According to Francesco La Camera, the Director-General of IRENA, those aspects could help recover the country’s economy. It is not in a good position due to the coronavirus global pandemic.
With the help of the proposed policies, Jordan would improve its energy transition pace and be better positioned to meet the national decarbonization goals by 2030. The beneficiaries would include project developers and local financing institutions since it proposed capacity building in the same. It proposes creating jobs in the renewable energy sectors and making related local industries relatively strong. The conditions would also improve so that the renewables contribution to the power sector proliferates. It is also essential that investments in the industry also increase, just but to mention a few.https://portchronicle.com/