November 16, 2024
COP29 | Advancing the grid through innovation
Share Event
Event Details:
November 16, 2024
15:30 – 16:45
UAE Pavilion, Blue Zone
Hosts:
TAQA, Utilities for Net Zero Alliance
About the event
The IEA’s report on electricity grids highlighted the inadequacies of the world’s network as we move towards a decarbonized, digitalized and decentralized net zero energy future. In the next 15 years (by 2040), the report suggests we must rebuild or repurpose an 80 million km grid system that took us 100 years to develop, at a cumulative global investment of more than $20 trillion from now to 2050.
This net zero imperative has become a cornerstone of the COP29 agenda and a pledge that has gathered support from dozens of countries. To upgrade and replace 80 million km of power grids by 2040, requires extraordinary levels of collaboration, ambition and vision. From increasing efficiency of existing infrastructure and integrating renewable energy to the creation of innovative financing models and incentivizing expansion through regulatory reform – innovation will act as the enabler of the transition.
Launched at COP28 and led by TAQA, together with the UN High-Level Champions and IRENA, the Utilities for Net Zero Alliance (UNEZA) is a vehicle for the implementation of the pledge. This side event, hosted by UNEZA, will explore the fundamental pre-requisites to achieving the goal, evaluate the challenges, and discuss how innovation can advance grid infrastructure globally.
CATF speaker
 |
David Yellen, Director, Climate Policy Innovation |
