#Part4CM The problem of climate change and its negative impact on the environment is one of the factors that encourages countries to switch to alternative energy sources

The RO-UA Partnership for Climate Change Mitigation project aims to popularize this area of activity. Governments should be much more active in stimulating the development of renewable energy sources (RES) in all sectors of the economy, and the level of RES use should become a key indicator of economic efficiency. At the same time, the use of fossil fuels should be reduced.

Despite the fact that in 2020 RES reached a record share in the global electricity balance of about 29%, the share of fossil fuels in the global energy balance has remained virtually unchanged over the past 10 years - 80.3% and 80.2%, respectively. New global investments in renewable energy in 2020 (excluding hydropower plants with a capacity of more than 50 MW) amounted to $303.5 billion, which is 2% more than in 2019. The money was invested mainly in solar and wind power projects.

Global investment in solar projects in 2020 increased by 12% to $148.6 billion, which is almost half of global investment in renewable energy. At the same time, investments in wind projects, as well as in other types of renewable generation, decreased by 6% in 2020 and amounted to $142.7 billion, which is equal to 47% of global investment in renewable energy.

The RO-UA Partnership for Climate Change Mitigation project is funded by the European Union through the European Neighborhood Instrument and co-financed by the countries participating in the ENI CBC Romania-Ukraine 2014-2020 Program.