Global industry organisations representing wind, solar, hydropower, green hydrogen, long duration energy storage (LDES) and geothermal energy industries have officially joined forces under one Global Renewables Alliance, with the signing of a memorandum of understanding at COP27.
In an unprecedented alliance, all the technologies required for the energy transition are coming together in order to ensure an accelerated energy transition, ensure that targets are met, and to ensure that vital coordination and planning takes place.The alliance also aims to position renewable energy as a pillar of sustainable development and economic growth, particularly in the global south.According to the International Renewable Energy Agency, many terawatts of installed renewable energy capacity will be needed by 2050 in order to meet global…