AlterCOP’s Post

🌍 Last week's insight from Day 4 Sustainable Energy Week: "Towards COP29 and SPECA Forum 2024: Accelerating Energy Transition in South-Eastern and Eastern Europe, the Caucasus, and Central Asia." During this session, Member States and stakeholders outlined the pressing need for accelerated energy transition in the region. UNECE plays a critical role in enabling these efforts, emphasizing collaboration, innovation, and inclusivity. Key outcomes from the discussion: - Driving Decarbonization and Green Finance  - UNECE is supporting the development of national energy plans and promoting cross-border partnerships for a comprehensive approach.  - Mobilizing green finance and leveraging innovative investment mechanisms are central to scaling renewable energy technologies. - Building Modern, Resilient Energy Systems - Emphasizing the importance of smart infrastructure and AI to modernize energy systems for a sustainable future.  - UNECE fosters capacity-building to ensure all regions can effectively transition to low-carbon solutions. - Ensuring a Just and Inclusive Transition - Focused efforts on reskilling impacted by the energy transition and vulnerable communities to secure intergenerational equity.   UNECE is committed to ensuring that no one is left behind in the shift to a clean energy future. - Strengthening Regional Cooperation - Building cross-border energy infrastructure and fostering cooperation is key to securing resilient and sustainable energy systems in the region. This dialogue clarified that collaborative efforts are crucial to ensuring the energy transition is equitable, sustainable, and resilient for all. #EnergyTransition #GreenFinance #JustTransition #RenewableEnergy #Decarbonization #SustainableDevelopment #UNECE #RegionalCooperation #CapacityBuilding #SPECA #COP29

During the recent COP29-IEA Roundtable, over 50 global leaders from energy, climate, and finance gathered to address the critical challenge of scaling up clean energy investments. The consensus is clear: To achieve Net Zero Emissions by 2050, global clean energy investments must double to over $4 trillion annually by 2030. This ambitious target requires increased cooperation between governments, financial institutions, and industries, especially in emerging and developing economies. At Indi Energy, we fully endorse this vision. Accelerated investment in clean energy projects is essential for reaching net zero emissions and fostering a sustainable future, and this includes leveraging sodium-ion batteries! Indi Energy’s revolutionary sodium-ion battery technology will significantly enhance the viability and accessibility of renewable energy, particularly in regions facing barriers related to cost and resource availability, thereby reinforcing the clean energy ecosystem. We urge industry leaders, governments, and all stakeholders to join us in driving the adoption of sodium-ion battery technology. Together, let's support our collective transition to a sustainable future and achieve our climate objectives! @MinistryofEnergyandMinerals @MinistryofCoal-Official @COP29Azerbaijan @MinistryofNewandRenewableEnergy(MNRE) @piyushgoyal #COP29 #IEARoundtable #CleanEnergyInvestment #NetZero2050 #SustainableFuture #EnergyTransition #RenewableEnergy #ClimateAction #GreenTechnology #SodiumIonBatteries #IndiEnergy #CleanTech #GlobalLeaders #SustainableDevelopment #EmergingMarkets #GreenInvestments #ClimateChange #EnergyInnovation #RenewableFuture #ClimateGoals #SustainableGrowth #GreenEnergyRevolution #EcoInnovation #ClimateLeadership

🌍⚡ **Energy Day at COP29** 🌱 Today, #EnergyDay at #COP29 brought some great announcements with a hope to impact a major shift in the global energy landscape. With the urgency of climate action at the forefront, the focus was on how to finance greenfield projects, accelerate #energytransition, and #decarbonize industries at scale. Here are the key announcements: 1. **Key Financial Commitments for Clean Energy**: **$500 billion in financing** pledged to support clean tech innovation, and sustainable infrastructure. This funding will help accelerate the development and deployment of renewable technologies globally, especially in emerging markets. 2. **Renewable Energy Expansion**: A series of new commitments from governments and private investors aim to dramatically scale up global renewable capacity. The goal is to double renewable energy capacity by 2030, putting us on track to meet global climate targets. 3. **Decarbonizing Heavy Industries**: World leaders and corporations unveiled new strategies to decarbonize hard-to-abate sectors like cement, steel, and heavy transport. **Green hydrogen** and **carbon capture, utilization, and storage (CCUS)** are at the core of this transition, with major partnerships formed to scale these technologies. The aim is to reduce emissions from industries that are critical to economic development but challenging to decarbonize. 4. **A Just and Inclusive Energy Transition**: One of the most exciting aspects of today’s announcements is the commitment to **energy equity**. Significant funding has been allocated to ensure that clean energy projects will reach underserved and vulnerable communities, making sure no one is left behind as the world transitions to a low-carbon economy. The spotlight on finance at COP29 shows that with the right investments, the clean energy transition is not just possible—it's inevitable. Now, the challenge is to turn these bold commitments into tangible, measurable actions that accelerate decarbonization, create green jobs, and foster a sustainable future for all. Let's continue to build momentum, forge partnerships, and drive innovation to make a **net-zero** future a reality. 🌱⚡ Manpreet Singh l Sambitosh Mohapatra l Sandeep Kumar Mohanty l Joseph Martin Chazhoor Francis l Jaideep Roy #COP29 #PwC #EnergyDay #CleanEnergy #Decarbonization #Renewables #GreenHydrogen #CCUS #Sustainability #ClimateAction #FinanceForTheFuture

⚡ Unlocking a #CleanEnergy future calls for the transformation of outdated Energy Governance Frameworks! At #COP28, world leaders committed to tripling #RenewableEnergy capacity by 2030, but outdated energy systems and governance structures still prioritize #FossilFuels. 🚫 Near-monopoly control by state-owned utilities, exclusion of RE players from decision-making, and conflicts of interest that block investment in clean alternatives are stalling RE deployment. To truly accelerate progress, inclusive and transparent energy governance is essential. Our Think20 Brief, co-authored by Ja Hyun Kim, Solutions for Our Climate and Mariano Birlain Escalante, Iniciativa Climática de México, sheds light on the path forward. 🔑 What must G20 nations do to ensure a just and inclusive energy transition? ✅ Prevent conflicts of interest by unbundling financial connections in the power sector ✅ Strengthen independent energy regulatory bodies ✅ Ensure all stakeholders, including RE players, have a seat at the table By transforming energy governance, we can create a level playing field for renewable energy, foster innovation, and accelerate the transition to a cleaner future. 🌿 📖 Read more on the SFOC website: https://lnkd.in/gTdJu6fa #T20Brief #NewReport #FossilFuelPhaseOut #TripleRenewables

Icelandic Business Delegation at COP29 Azerbaijan! 🇮🇸 For over a century, Iceland has been a leader in renewable energy, achieving 100% renewable electricity and heating. Through our own energy transition, we’ve learned the complexities of change and now offer a roadmap for others. We are living proof that a sustainable energy transition isn’t just possible, but transformative. As global climate goals drive us forward, Iceland continues to pioneer, from geothermal innovation to advanced carbon storage. Our green investment doesn’t just benefit the environment but boosts economic growth, energy security, and social welfare, underscoring the positive impact of a commitment to sustainability. Meet Iceland’s change makers at #COP29 to explore solutions, share expertise, and build a sustainable future together: 🌱 Carbfix 🌱 Climeworks 🌱 Landsvirkjun 🌱 Orkuveitan 🌱 Orka náttúrunnar / ON Power 🌱 EFLA Consulting Engineers 🌱 Verkís Consulting Engineers 🌱 Bjarni Herrera 🌱 Learn more about our delegation and discover how Iceland can be your perfect partner in climate action: https://lnkd.in/dvhT_YS8 #Iceland #Renewables #RenewableEnergy #CCUS #CarbonCapture #DAC #NetZero #ClimateAction #CleanEnergy #EnergyTransition #GeothermalEnergy #ClimateChange #CircularEconomy #GreenEnergy #ESG #Decarbonization #Sustainability #TheIcelandicBusinessDelegation

an important event for a region of the world undergoing restructuring

This year’s #COP29 marked the midpoint of a critical decade for shaping a sustainable energy future, with just five years left to achieve the Paris Agreement’s target of reducing emissions by 45% by 2030.   Significant progress was made during COP29 to accelerate climate action. This included the launch of the Global Energy Storage and Grids Pledge to increase global energy storage capacity sixfold from 2022 levels to 1,500 gigawatts by 2030, as well as the Hydrogen Declaration, aiming to unlock the potential of a global market for clean hydrogen and its derivatives. These initiatives, and many others, highlight momentum toward global collaboration on key enablers.     Turning this momentum into meaningful impact requires scaling up finance and fostering innovation. I participated in an EY panel where we discussed creating a stable incentive framework to support early-tech adoption and close the “say-do” gap. These steps are essential to attracting investments, managing risks, and accelerating the transition to clean energy systems.    Building on this theme, the International Renewable Energy Agency (IRENA) roundtable with the Alliance for Industry Decarbonization (AFID) further emphasized the importance of coordinated action across industrial sectors with high emissions. These include cutting greenhouse gas emissions by 54%, expanding renewable energy capacity to 534 GW by 2030, and accelerating the adoption of green hydrogen and bioenergy. AFID also pledged to invest $124 billion in energy transition projects, reinforcing its dedication to impactful and measurable climate action.    To move faster, a shift in mindset is critical—one that prioritizes investment in new and disruptive technologies to propel industries forward. Scaling these technologies into large projects allows us to move toward impactful solutions at the speed required to meet our climate goals.    It’s been a privilege to engage with leaders, innovators, and partners, all united by a shared commitment to driving the energy transition forward. With the momentum we’ve created, we are well-positioned to drive lasting change and accelerate our journey toward a low-carbon future.    SLB New Energy #WeAreSLB #EnergyTransition #Sustainability  

Africa's potential for sustainable energy could unlock a brighter future, yet millions remain in the dark. Join this event to discuss how renewable energy can power a just and equitable energy transition. Follow PACJACI in COP29 Azerbaijan for more updates. #KeepYourPromises #PacjaatCOP29 #COP29 #ClimateFinance #ClimateAction #ClimateJustice #NCQG #AdaptationFinance #EnergyAccess #CriticalMinerals #AfricaWeWant #SDGs #Agenda2063 #SDG2030

🌍💡 Shaping the Future of Green Energy: Reflections on COP29 in Azerbaijan 🌱⚡ As delegates gather for COP29 in Azerbaijan, it's a pivotal moment for driving forward the global agenda on climate action and sustainable development. At RCT, we're energized by the discussions and commitments made at this landmark event, and we're more determined than ever to play our part in advancing the transition to green energy. 🌿 Commitment to Sustainability: COP29 serves as a platform for nations, organizations, and individuals to reaffirm their commitment to sustainability. Through dialogue, collaboration, and action, we're charting a course towards a more resilient, low-carbon future, where renewable energy sources like wind, solar, and hydro power play a central role. 🚀 Accelerating Innovation: The conversations at COP29 underscore the urgency of accelerating innovation in green energy technologies. From renewable energy generation to energy storage and distribution, there's a growing consensus on the need for bold, transformative solutions that can drive the rapid transition to a sustainable energy system. 🌐 Global Collaboration: COP29 highlights the importance of global collaboration in addressing the challenges of climate change and advancing the goals of the Paris Agreement. By sharing knowledge, best practices, and resources, we can amplify our impact and catalyze progress towards a more sustainable and inclusive future for all. At RCT, we're proud to be part of the global movement towards green energy. Through our innovative solutions, partnerships, and initiatives, we're committed to driving positive change and making a meaningful contribution to the collective efforts to combat climate change. As COP29 unfolds, let's harness the momentum and spirit of collaboration to accelerate the transition to a greener, more sustainable world. Together, we can build a future where clean, renewable energy powers prosperity and progress for generations to come. 🌍🌟 #COP29 #GreenEnergy #Sustainability #ClimateAction #RenewableEnergy #Innovation

As we approach the opening of #COP29Azerbaijan, we reaffirm Azerbaijan’s commitment to advancing renewable energy and leading by example in the fight against #climatechange. With a plan to increase renewable power capacity to more than 30% by 2030, the country is diversifying its energy mix to position itself as a leader in green energy. Together with the world, we aim to make #COP29 a defining chapter in humanity’s fight against #climatechange. #COP29 #COP29Azerbaijan