Global clean energy industry organisations — representing wind, solar, hydropower, green hydrogen, long-duration energy storage, and geothermal energy — have officially joined forces today under one Global Renewables Alliance, with the signing of a Memorandum of Understanding at COP27.
🤝 #Renewables Together. One voice advocating for a clean energy future.
On #EnergyDay at #COP27 the key technologies for the #energytransition – #wind #solar #hydropower #batterystorage #greenhydrogen #geothermal formed the unprecedented Global Renewables Alliance. pic.twitter.com/wTrUD6ZY6u
— GWEC (@GWECGlobalWind) November 15, 2022
In this unprecedented alliance, all the technologies required for the energy transition are coming together in order to ensure an accelerated energy transition, ensure that targets are met, and ensure that vital coordination and planning takes place.
“The birth of this Alliance represents a significant step towards a faster and more inclusive transition to clean energy, not only to decarbonize the power sector, but also for broaden electrification of our economies and to unlock important socio-economic benefits,” Global Solar Council CEO Gianni Chianetta said today. “We face new challenges as massive deployment of renewables has to take place, and a clean, diversified energy mix is the only way to transform those into opportunities, fully substitute fossil fuels, and reach 100% renewable power. Together, we make our voices stronger.”
The alliance also aims to position renewable energy as a pillar of sustainable development and economic growth, particularly in the global south.
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According to the International Renewable Energy Agency, many terawatts of installed renewable energy capacity will be needed by 2050 to meet global climate targets.
“No single energy source can reach net zero alone. Renewables must work together to supercharge the clean energy transition and to limit further, devastating temperature rises,” said Eddie Rich, CEO of the International Hydropower Association.
Recent reports from the United Nations highlight a growing gap between global climate targets and the implementation of the energy transition on the ground and in the oceans. The reports paint a bleak picture for our planet if action is not taken to speed up renewable energy deployment.
The Global Renewables Alliance will use the collective weight of its member technologies to overcome the challenges affecting the global energy transition and increase the share of voice for renewables where fossil fuels are still disproportionately present.
Speaking with a single voice representing all key renewable energy technologies will help to accelerate the energy transition through collective efforts on advocacy, education, market intelligence and data, and engagement with international energy, economic and environmental institutions.
“Massive deployment of renewable energy is the critical element in the battle against climate change and countries will need all of the key technologies represented by this alliance in order to be successful, and it is important that we take a collaborative approach and work together as technologies to help governments and communities achieve the just energy transition to ensure a sustainable and prosperous future,” said Ben Backwell, CEO of the Global Wind Energy Council.
Editor’s Note: The opinions expressed here by the authors are their own, not those of Impakter.com — In the Featured Photo: Handshakes at COP27in Sharm El-Sheikh, Egypt, where the key clean energy organisations formed the Global Renewables Alliance, November 7, 2022. Featured Photo Credit: UN Climate Change.