Carnegie selected by US State Department to lead sustainability goal

PRESS RELEASE

Following a global search, ASX-listed Carnegie Clean Energy has been selected as the company to lead global business in achieving the United Nation’s Sustainable Development Goal number 7 – Affordable and Clean Energy. Unreasonable Goals is a partnership between the U.S. State Department and Unreasonable Group with the singular focus of accelerating achieving the United Nation’s Sustainable Development Goals (SDGs) by leveraging market forces.

Speaking about the global selection process, Dr Michael Ottaviano, CEO of Carnegie Clean Energy said:

“It is an incredible honour to be recognised by the US State Department as the company to lead in delivering against the affordable and clean energy goal. The only way the international community can deliver its commitment to the Sustainable Development Goals is if business takes a leadership position to unlock the opportunities that these goals present. The International Renewable Energy Agency (IRENA) estimates that renewables could reach 45 percent of total global power generation by 2030.  This equates to US$605 billion per year more in revenue for renewables generators compared to business-as-usual.”

Carnegie Clean Energy will be joining the US State Department and 15 other companies from around the world in a two-week program in July to develop their strategies and partnerships in tackling each of the 16 SDGs. This two-week program will bring together leaders from the US State Department, investors, mentors from organizations such as Tesla, GE, Google X, USAID, and multinationals to actively work with Carnegie and other companies in driving the achievement of the Sustainable Development Goals.

Carnegie Clean Energy will look to Asia to drive its clean energy strategy – specifically with microgrids and fringe of grid projects – which can deliver clean, reliable and affordable clean energy. Carnegie Clean Energy is already working with Small Island States and has just completed a roadmap for the Government of Mauritius on the pathway towards higher penetration of renewable energy. This project has been supported by the Australian Government’s DFAT.