The International Hydropower Association (IHA), an official observer organization, recognizes the need for this unprecedented decision, which will see the summit rescheduled to an as-yet-unconfirmed date in 2021.
In a statement, IHA Chief Executive Eddie Rich, said, “Given the present global health and economic situation, the organizers of COP26 have made the right decision to postpone this year’s conference.
“While COVID-19 is our most pressing threat, with the tragic impacts on families everywhere requiring urgent action, we must not lose sight of the existential threat to the planet posed by climate change. The tireless efforts currently being deployed to beat coronavirus show us that, in times of crisis, the seemingly impossible can quickly become possible.
“Governments, business and civil society stakeholders must now consider the policy frameworks required to support the green growth economy and prioritize vital public and private investment in sustainable and renewable energy projects. This will mean considering ways to incentivize finance and reduce barriers to development, while ensuring that new projects meet internationally recognized environmental, social and governance (ESG) performance standards.
“Now, more than ever, collaboration and dialogue are needed to advance global sustainable energy and the transformation towards a low-carbon energy future. IHA, under the mandate given to us by our members to advance sustainable hydropower, will continue working vigorously with our members and partners to deliver the ambition needed to tackle present and future threats.”
