Industry bodies and associations representing key low-carbon technologies, wind, solar, hydropower, green hydrogen, energy storage and geothermal sectors, have joined hands to found a new global alliance, Global Renewables Alliance, at the 2022 United Nations Climate Change Conference in Egypt, to help accelerate the use of renewable energy globally.
The International Geothermal Association, Global Wind Energy Council, Long Duration Energy Storage Council, Green Hydrogen Organisation, International Hydropower Association, and the Global Solar Council are part of the Global Renewables Alliance that signed the memorandum of understanding between the member organizations was signed at the eighth day of COP27.
The alliance will serve to accelerate the energy transition, reduce reliance on fossil fuels, and help accomplish the 1.5C limit of the Paris Agreement through collective efforts on advocacy, education, market intelligence and data and engagement with international energy, economic and environmental institutions. The unprecedented alliance will also ensure that targets are met, and vital coordination and planning takes place between producers and consumers of renewable energy.
The International Renewable Energy Agency says that many terawatts of installed renewable energy capacity will be needed by 2050 to meet global climate targets.