96. Live from COP28 in Dubai. With Bruce Douglas, CEO Global Renewable Alliance, on 3xRenewables
Dec 10, 2023
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Bruce Douglas, CEO Global Renewable Alliance, discusses the 'Triple Renewables, Double Down on Energy Efficiency' message endorsed by 125 countries. They also talk about the importance of strong targets in the final text for COP28, advancements in technology, scaling renewables, and interactions with world leaders at the conference.
The goal of COP28 is to triple the capacity of renewables and double down on energy efficiency globally by 2030.
The text within the negotiations must have strong, unambiguous language, legally binding targets, and a review process to drive action towards a clean energy future.
Deep dives
COP: The Global Climate Negotiations
COP, the annual gathering for climate negotiations, is the center stage for climate discussions worldwide. It consists of the green zone, which is more business-oriented, and the blue zone where country pavilions are located. This year's COP, known as COP 28, is being hailed as the "Renewables COP" due to the focus on renewable energy. The private sector, especially the renewables industry, is playing a significant role in shaping the negotiations and creating a positive impact. The goal is to triple the capacity of renewables and double down on energy efficiency globally by 2030.
The Importance of the Negotiated Text
The energy text within the negotiations holds immense importance. Referred to as paragraph 35, it includes targets for tripling renewables and doubling energy efficiency. The negotiations involve all 197 countries, and the outcome will establish the future steps and commitments for climate action. However, the current national contributions (NDCs) fall short of the 1.5-degree pathway required to combat climate change. The hope is that the text will have strong, unambiguous language, legally binding targets, and a review process to ensure accountability and drive action towards a clean energy future.
Positive Momentum for Renewables
The podcast highlights the positive momentum for renewables and the increased collaboration between the business sector and policymakers. The renewables industry is experiencing rapid technological advancements, record-breaking installations, and cost competitiveness with fossil fuels in numerous markets globally. The focus now shifts to scaling renewables efficiently, which requires addressing key challenges such as permitting, grid development, financing, and value chains. Additionally, the importance of long-duration energy storage, green hydrogen, and transmission networks is emphasized for achieving a stable and flexible energy system. While nuclear power plays a role in low-carbon generation, the urgency lies in scaling zero-carbon power generation rapidly with renewables as the primary solution.
Our special guest is Bruce Douglas, CEO Global Renewable Alliance, who is spearheading the effort around the key message “Double down, Triple Up” or how we will decarbonise by tripling renewables by the end of the decade.
Bruce tells us how it is on the ground, how he is having the busiest week of his life, and how the positive message is now being relayed by hundreds of Heads of State and key business decision makers.
"COP28 text finally agreed - this is HUGE! Massive gratitude to everyone who made this possible 🙏 - proudest moment of my career so far... 😍 “The inclusion of tripling renewables in the final COP28 text is unprecedented and signals the start of a massive clean energy revolution. It is the first time all nations have recognised renewable energy as the main solution to the climate crisis, representing a paradigm shift in the energy transition."
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