Accelerating the Energy Transition in the Critical Decade: Raising Ambition and Implementing at Scale

The Global Stocktake synthesis report states that both collectively and individually, countries’ actions and commitments are insufficient to meet the 1.5°C goal of the Paris Agreement. With energy emissions at an all-time high and the devastating impacts of climate change being felt across the globe, world leaders are being urged to take decisive action at COP28. This includes calls for a new, ambitious target: to triple global renewable energy capacity and double energy efficiency by 2030.

With the pressure on and stakes high, this event serves as a platform to discuss how such a target can enhance ambition in the revised nationally determined contributions (NDCs) and how its implementation can start expeditiously after COP28.

The session focuses on:

1. Integrating within existing commitments — how a new renewable energy goal would impact the revision and implementation of NDCs and foster increased ambition;
2. Creating an enabling environment — the necessary policy measures and regulations to facilitate rapid deployment of renewable energy technology;
3. Transcending energy project barriers —  the development and de-risking of bankable renewable energy project and program pipelines at scale; and
4. Prioritizing national and local needs — how to ensure that these projects meet country commitments and enhance resilience while sustaining meaningful employment and livelihoods in line with a just transition.

Watch Now

The recording of this event begins at timestamp 06:14.