The Alliance for Industry Decarbonisation held the group’s maiden meeting at COP27 and outlined a joint vision and implementation plan.
The group, formed of 28 member companies across all industry sectors, held their first Alliance meeting during COP27’s Decarbonisation Day in Sharm El Sheikh, Egypt, with the meeting focused on six pillars and enablers: renewables, green hydrogen, bioenergy with Carbon Capture, Utilization and Storage (CCUS), heat process optimisation, human capital, and finance.
With more than 30 per cent of global greenhouse gas emissions and nearly 40 per cent of global energy consumption, the industrial sector is the second largest emitter after power generation. Without increased emission reduction efforts within the industrial sector, the goal of limiting global temperature rise to 1.5 Celsius stays unreachable.
Francesco La Camera, director-general of IRENA, said: “We have less than a decade left to secure a fighting chance for a 1.5°C world. Climate action needs industry leaders. This Alliance stands for the growing commitment of global industry to act on decarbonisation. We are delighted today to welcome eight new members to our Alliance, united in their determination to speed up energy transition. By standing together we send a clear signal of solidarity at COP27, and we invite new partners to join our common vision.”
Christian Bruch, co-chair of the Alliance and ceo of Siemens Energy, said: “There are no reasons or excuses to wait for action. All technologies needed are available and the recent IPCC report has made it clear that without major changes global warming will increase more than 3.2 °C. There is no alternative to the energy transition – we need to act together for just, ambitious implementation now.”
The Alliance for Industry Decarbonization was launched in September 2022 at the G20 Investment Forum on Energy Transition in Bali, Indonesia. Enel Green Power, TAQA Arabia, Eni, Technip Energies, EDF Renewables, JSW, Tata Steel, Sable Chemicals, Tatanga Energy, Repsol, Equinor and TAQA were the other founding members. They adopted the ‘Bali Declaration‘ to accelerate net-zero ambitions and the decarbonisation of industrial value chains in pursuit of the Paris Agreement climate goals.
Since its launch, the Alliance has officially welcomed State of Green as a new knowledge partner and 13 new members: OQ, the KIS Group, VALE, ATC Development, Subsea7, Elsewedy Electric, FLSmidth, Petronas, Ecopetrol, Unilever, Envision, Alfanar Global Development and Alzahid Group. The Alliance is urging new members to sign up and join their common vision to speed-up the energy transition. Membership is open to public and private firms and stakeholders operating in energy-intensive sectors ready to decarbonize their activities now.