The Clean Energy Ministerial (CEM) will work with the World Bank’s Energy Sector Management Assistance Program (ESMAP) to deliver targeted technical assistance that will help developing and middle-income countries integrate large shares of wind and solar energy into their electricity grids.
The price of wind and solar inputs has dropped substantially in recent years, and these energy sources are becoming cost-competitive with coal and gas for electricity generation in some markets. Over 144 countries have set renewable energy targets, and more than 100 have already enacted policies or measures to promote the use of renewables. Since 2011, over half of net capacity additions in the global power sector have come from new renewable energy deployment.