Itaipu annouces commitments to advance clean and renewable energy
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Itaipu Binacional is among the first organizations in the world to announce "Energy Compacts", which are voluntary commitments to advance the goals of Sustainable Development Goal 7 (SDG 7) of the United Nations 2030 Agenda, in support to achieve Clean, Affordable Energy for All by 2030, and Net-Zero Emissions by 2050.

Photo: Alexandre Marchetti/Itaipu Binacional.

The UN is inviting governments, companies, cities, NGOs, and institutions of all sizes to announce their commitments starting this week, with the Ministerial Thematic Forum, which took place in June.

The event is part of the High-level Dialogue on Energy 2021 (HLDE) process, the first held by the UN in 40 years. Governments and organizations are announcing their Energy Compacts distributed among the following themes: Energy Access; Innovation, Technology, and Information; Energy Transition; SDG Implementation; and Financing and Investment.

These themes are directly related to the SDG 7 targets and the transition to a low-carbon economy. The world energy sector is among the main greenhouse gas emitters, with impacts on the global climate. Through Energy Compacts, the UN wants to stimulate countries to decrease their emissions by half in this decisive decade to implement the 2030 Agenda.

The strategy is aligned with the global goal of keeping the average temperature rise to 1.5ºC, established by the Paris Agreement. To do so, emissions must be zeroed out by 2050 and thus achieve the so-called carbon neutrality (Net Zero). All this in a context where 759 million people on the planet have no access to electricity and 2.6 billion lack clean energy for cooking.

The UN chose Brazil to lead the dialogue on Energy Transition because of its energy matrix with a strong presence of renewable sources (which account for about 80% of electricity generation in the country). During the Ministerial Forum, the Brazilian Ministry of Mines and Energy (MME) presented the country's voluntary commitments to hydrogen and biofuels (RenovaBio).

The two Itaipu Energy Compacts were proposed by each side of the company. The Brazilian side is related to disseminating knowledge and best practices for the promotion of renewable energy and sustainable development. The Paraguayan side is related to investment in the infrastructure for energy transmission. The idea is to present both voluntary commitments binationally.

The Itaipu Energy Compacts were announced in June, during the ministerial section of the UN Ministerial Thematic Forum's official program. The announcement was made within the Sustainable Water and Energy Solutions Network, a multi-stakeholder network that has Itaipu and the UN Department of Economic and Social Affairs (Undesa) as founding members.


Also, Itaipu took part in the Forum's official program with the Brazilian Head of Environmental Management, Ariel Scheffer da Silva, in the panel Water, food, ecological systems, and biodiversity: Role of renewable energies.

The company presented its experience in ecosystem conservation as a key factor in securing water resources and energy generation. Itaipu conserves over 100 thousand hectares of Atlantic Forest on both sides of the reservoir on the border between Brazil and Paraguay, proving how hydroelectricity can be a factor in promoting environmental conservation. The strategy also benefits the food production conducted within the power plant's influence area.