The large Italian oil and gas company Eni and the International Renewable Energy Agency (IRENA) have joined forces to collaborate in accelerating the low-carbon energy transition.
They have signed a three-year agreement to work together on the promotion of renewable energy, especially in countries that export fossil fuels.
Eni and IRENA seek to identify barriers to private sector investment in renewable energy in countries where the energy company operates and promote solutions in coordination with governments.
The association is based on Eni’s commitment to contribute to the decarbonisation of the energy mix of African countries, taking advantage of renewable energy sources to reduce the use of fossil fuels in energy generation.
Claudio Descalzi, CEO of Eni, said: “The agreement with IRENA is a step forward for Eni’s commitment to reach zero net by 2050, as it takes advantage of renewable energies and other technological and industrial solutions. to successfully tackle the energy transition.
“We have designed the evolution of Eni in the next years combining the aims of a continuous development in an energy market in fast evolution with a significant reduction of the footprint of carbon of our portfolio. Today’s alliance can drive this process, just as we can make our contribution in terms of knowledge and commitment. ”
IRENA CEO Francesco La Camera added that it is in the interest of large oil companies and fossil fuel exporting nations to “adopt the transition and seek a leadership position.”