New global Alliance for Industry Decarbonisation launched

It has been created to help achieve country-specific net zero goals faster, encourage action and enhance understanding of renewables-based solutions

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A new global alliance aimed at accelerating net zero ambitions and the decarbonisation of industrial value chains to achieve the Paris climate goals has been launched.

The Alliance for Industry Decarbonisation was launched by the International Renewable Energy Agency (IRENA), co-founding partner Siemens Energy and 13 companies across all industry sectors, including TAQA Arabia, EDF Renewables, Tata Steel and Equinor.

Other members include Enel Green Power, Eni, Technip Energies, JSW, Sable Chemicals, Tatanga Energy, Roland Berger, Repsol and TAQA.

Around 25% of global GDP is produced by the industrial sector, which also emits around 28% of greenhouse gas emissions.

The Alliance has been created to help achieve country-specific net zero goals faster, encourage action for decarbonising industrial value chains and enhance understanding of renewables-based solutions and their adoption by industry.

It aims to address the challenges and opportunities of a clean energy transition through partnerships based on dialogue and actions.

IRENA Director-General Francesco La Camera said: “Climate action needs industry leaders.

“This Alliance stands for the growing commitment of global industry to act on decarbonisation and unlock opportunities that come with a green industrialisation through renewables and other transition-related technologies like green hydrogen. By standing together we send a clear signal of solidarity ahead of COP27 and we invite new partners to join our common vision.”

Membership of the Alliance is open to public and private companies and stakeholders operating in energy-intensive sectors and those that have knowledge and expertise in the deployment of energy transition technologies.