Top executives from the 28 member companies and knowledge partners of the Alliance for Industry Decarbonization held the group’s maiden meeting at COP27 on Friday, November 11 and outlined a joint vision and implementation plan.
The group, formed of leading companies across all industry sectors, held their first Alliance meeting during COP27’s Decarbonization 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 optimization, human capital, and finance.
With more than 30% of global greenhouse gas emissions and nearly 40% 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.
On September 1, 2022 IRENA, co-founding partner Siemens Energy and companies across all industry sectors launched the Alliance for Industry Decarbonization 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 decarbonization of industrial value chains in pursuit of the Paris Agreement climate goals.
IRENA acts as the Secretariat of the Alliance. Siemens Energy and Tata Steel co-chair the Alliance leadership, and knowledge partner Roland Berger supports the Alliance by sharing best practices. The growing number of members highlights the need for an international, multi-stakeholder platform that enables exchange and collaboration to tackle the decarbonization of the industrial sector.
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.