RMI hosted “Amplifying Enterprise and Market Leadership, Accelerating Clean Technology Innovation and Advancing Energy Equity Transition Seminar” in Dubai at COP28

Dubai – December 6, 2023, At the 28th annual Conference of the Parties (COP28), RMI hosted “Amplifying Enterprise and Market Leadership, Accelerating Clean Technology Innovation and Advancing Energy Equity Transition Seminar” at the China Center, Dubai Expo City. Leaders, experts and representatives from governments, industries, enterprises and international organizations attended the seminar and jointly discussed strategies and actions to address climate change, focusing on enterprises and markets, technological innovation, and equitable transition.

While the challenges of combating climate change are still emerging, more clean technologies, market mechanism innovations, and people-centered transition models are needed to fully unlock decarbonization potentials. The seminar experts discussed the roles of clean energy technologies and market forces in the decarbonization process of various industries, and the opportunities and challenges of global cooperation to drive equitable energy transition.

China’s Special Envoy on Climate Change Zhenhua Xie attended the seminar and delivered an opening remark. He stated that China has made progressive and significant achievements in the areas of energy transition and clean energy innovation, and has formulated important policies and measures in different sectors and industries under the “dual carbon” targets. It is expected that enterprises and think tanks will engage more actively and deeply in practical actions in the future to jointly drive the innovation of climate technologies and market mechanisms.

Meanwhile, while China and the United States have decided to operationalize the Working Group on Enhancing Climate Action in the 2020s, it is believed that other countries could also enhance more international collaborations to jointly combat climate change.

Jon Creyts, CEO of RMI, also delivered opening remarks, stating that we had already seen significant progress in the first week of COP28, including the establishment on day one of a loss and damage fund for vulnerable nations and critically a pledge by 118 countries to triple the deployment of renewable energy by 2030. This boosts our confidence into the future. And while clean energy technologies driven by commercial and technological innovation are growing exponentially around the world, we also have faith in the immeasurable future, in which China is rapidly emerging as a global leader in this field and will continuously play the key role in this area.

At the seminar, RMI and China Biomass Energy Industry Promotion Association (BEIPA) jointly launched the world’s first voluntary zero-carbon energy certification platform. The platform quantifies the ecological and environmental values of non-electric renewable energy sources through the construction of a statistical system for non-electric utilization of renewable energy sources and encourages the whole society to consume green energy. The launch of the platform is critical to promoting the development of non-electric utilization of renewable energy in China, improving the statistical system of non-electric utilization of renewable energy in China, and strengthening the statistical capacity of carbon emissions.

“This seminar focuses on business and market leadership, clean technology innovation, and the energy equity transition, all of which are very critical topics that are tied to the success of COP28, and are important for climate actions to really get off the ground in countries around the world,” said Ting Li, the regional managing director of RMI and chief representative of RMI China. “It is expected that this seminar will bring together all sides of intelligences and expertise of industry leaders and business practitioners to stimulate discussion, enable collaboration, and collectively contribute to the success of COP28 and an equitable global zero-carbon transition.”