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UNIDO Director-General Kandeh K. Yumkella addresses the Delhi Sustainable Development Summit.

Kandeh K. Yumkella, the Director-General of the United Nations Industrial Development Organization (UNIDO) and the Chairman of UN Energy, addressed the Delhi Sustainable Development Summit (DSDS) 2010 on this years overarching theme Beyond Copenhagen: new pathways to sustainable development, on February 6, 2010.

“It is clear that the scale of the investment to fund the transition to a sustainable, equitable and low-carbon economy, based on extensive consultations held between parties before and during the COP 15 at Copenhagen, is enormous” Yumkella said.

The emphasis of Yumkella's speech addressed the challenge of energy transition involving the billions of people worldwide with no access to it, the level of energy poverty in the developing world and the requirement of focused global action. He claimed, the development of a sustainable, long-term solution to meeting the world’s energy needs is a defining issue of our time.

Furthermore, Yumkella noted energy is linked with key global challenges in the world such as poverty alleviation, climate change, and global, environmental and food security. Worldwide, 2.6 billion people rely on traditional biomass for cooking and 1.6 billion people – about a quarter of the human race – do not have access to electricity.

The Copenhagen Accord pledged US $ 100 billion annually to help developing countries fight climate change. According to the initial estimates in the draft report of the Secretary-General’s Advisory Group on Energy and Climate it is nearly not enough and it is suggested that an average of US $ 250 billion per annum will be needed to invest in the developing world. Yumkella in this case pointed out, much work still needed to be done in order to set up the mechanisms that would unlock the US $ 100 billion investment flow.

“UNIDO is doing its best to underpin delivery by facilitating trade, growing green industry, helping to train and deliver energy management systems, and contributing to the knowledge base by focusing our 2011 Industrial Development Report on energy efficiency. We need to have a special focus on the poor. We need to have an inclusive approach to achieve access agenda if we want to meet targets set under the various MDGs,” Yumkella stressed.