1 TERAWATT RENEWABLE ENERGY CAPACITY INSTALLED IN THE MEDITERRANEAN REGION BY 2030
TeraMed is an ambitious initiative to deliver 1 TW of renewable energy installed capacity in the Mediterranean by 2030
At COP28, over 130 countries agreed to expand renewable energy capacity to 11 Terawatt globally by 2030. Despite enormous potential for renewable energy development, the Mediterranean region lacks a common target for renewable expansion. The TERAMed initiative aims to deliver a globally significant breakthrough by delivering 1TW of renewable energy capacity in the Mediterranean by 2030. This will show how renewable energy can provide energy security, affordability, clean industrial development, jobs, and investments for the region.
The Mediterranean region has historically played a strategic role in global energy dynamics, mostly through fossil fuels exploitation. Today, the decarbonisation imperative requires a rapid and just fossil-to-clean shift. Shifting the focus to renewable energy offers a fresh and unique opportunity to work together to tackle the diverse but common set of challenges faced by countries across the region. An inclusive energy transition pathway for the region is critical to underpin its future’s stability and achieve sustainable development goals, reduce the reliance on fossil fuels, mitigate geopolitical tensions and support the global decarbonisation pathway.
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Upcoming COP30 Events
Event Title: The TeraMed Momentum: Uniting the Mediterranean for a Fair and Sustainable Energy Transition
Organizer: RAED (Arab Network for Environment and Development) in Collaboration With: TeraMed Initiative Partners.
Objective:
In preparation for the UNFCCC COP30 (Brazil, 2025), this regional webinar aims to strengthen government commitment to the TeraMed initiative through strategic and smart advocacy on renewable energy across the MENA region.
Key Themes:
- Strengthening regional collaboration for fair and inclusive energy transition.
- Empowering civil society and youth participation.
- Building advocacy momentum toward COP30.
Event Title: Financing the Transition in the Mediterranean Region: Towards a Shared Strategy | A COP30 Side Event.
Organizer: ECCO Think Tank, in cooperation with TeraMed Partners.
Short Summary:
The event will explore pathways to scale up climate finance in the Mediterranean, focusing on how public finance, policy alignment, and regional cooperation can de-risk investments, mobilize private capital, and accelerate the transition towards a resilient, net-zero Mediterranean economy.
Opening Remarks:
Luca Bergamaschi, Co-Founding Director, ECCO Think Tank
Key Themes:
- Innovative financial mechanisms for renewable energy.
- Policy coherence and regional investment frameworks.
- Private sector engagement for climate resilience.
Event Title: Tripling Global Installed Renewable Energy Capacity by 2030 | A COP30 Side Event.
Organizers: RAED (Arab Network for Environment and Development).
Co-organizers: Association pour la Protection de l’Environnement et le Développement Durable de Bizerte (APEDDUB).
Short Summary:
Tripling global installed renewable energy capacity by 2030 is a critical goal aligned with the Paris Agreement and essential to reduce emissions, limit global warming to 1.5°C, and ensure energy security. The session will highlight the role of the TeraMED Initiative as a regional driver toward achieving 1TW of renewable energy in the Mediterranean by 2030, showcasing cooperation, financing, and innovation pathways.
Moderator:
Dr. Emad Adly, General Coordinator, RAED
Panelists:
- Dr. Mahmoud Fathallah, League of Arab States
- Dr. Jauad El Kharraz, Co-Chair, Mediterranean Clean Energy Network (MEDCEN)
- Dr. Sawsan Al-Awadi, Director of Consultancy, EcoCode Environmental Consulting Company, KSA
Key Themes:
- Strategies to triple global renewable capacity by 2030
- Financial mechanisms for clean energy investment
- Regional cooperation and policy frameworks
- Leveraging carbon markets for Arab green growth
Expected Outputs:
- Identification of key barriers and practical solutions for clean energy deployment
- Strengthened partnerships to accelerate renewable projects
- Roadmap for achieving the 1TW Mediterranean target
· Enhanced regional commitment to low-carbon energy transition
Unlocking Climate Finance in the Mediterranean: Leveraging Development Banks and Private Capital for a Net Zero Transition
Organized by ECCO Think Tank, EMEA – Euro-Mediterranean Economists Association
| Location: Mediterranean Pavillion |
Regional Arab Dialogue on low-carbon long-term strategies
| Location: GORD Pavillion |
Organized by RAED
| Location: League of Arab States Pavillion |
Organized by MPGCA Energy Group, UNFCCC Global Climate Action and UN Climate Change High Level Champions Team
| Location: Special Event Room 5 |
| Enhancing Multi-Stakeholder Collaboration for Advancing Emerging Energy TechnologiesOrganized by: Commission on Science and Technology for Sustainable Development in the South (COMSATS) |
Location: ICESCO’s Pavillion
Organized by ECCO Think Tank, PIE – Pooled Fund for International Energy, Union for the Mediterranean
| Location: Mediterranean Pavillion |
Organized by RCREEE – Regional Center for Renewable Energy and Energy Efficiency
| Location: UNFCCC official Side Event 7 |
Organized by ECCO Think Tank, IMAL Initiative for Climate and Development, Sefia in the context of MATTCCh, Mediterranean Alliance of Think Tanks on Climate Change
| Location: Mediterranean Pavillion |
NEWS FROM OUR PARTNERS
31 October 2024
Setting the scene for an interconnected, renewable Mediterranean energy system
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TeraMed is an ambitious initiative to deliver 1 TW of renewable energy installed capacity in the Mediterranean by 2030
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