The International Renewable Energy Agency (IRENA), co-founding partner Siemens Energy, and 13 companies across all industry sectors have launched the global Alliance for Industry Decarbonization a new coalition aiming to accelerate net-zero ambitions and the global decarbonisation of industrial value chains.
The Alliance was officially launched by adopting the Bali Declaration in the presence of IRENA’s Director-General, Francesco La Camera, and the Executive Board Member of Siemens Energy, Karim Amin, during IRENA’s Investment Forum on Energy Transitions in Bali, Indonesia. Co-founder Siemens Energy has been a major driver for the creation of the Alliance and will co-chair the Alliance leadership, with the first Alliance meeting planned to take place at COP27 in Sharm El Sheikh, Egypt.
According to IRENA, the participation of leading industries can benefit business opportunities for green industrialisation and highlights the importance of collaboration in developing strategies and sharing best practices to cut industry emissions. About 25 per cent of global GDP is produced by the industrial sector, which also emits around 28 per cent of GHG emissions. Partnerships based on dialogue and actions are crucial for industrial stakeholders to best address the challenges and opportunities of a clean energy transition. A multi-stakeholder platform enabling such exchanges and collaboration can accelerate global climate action.
“Climate action needs industry leaders,” said Francesco La Camera, director-general of the IRENA. “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.”
“We need to slash greenhouse gas emissions urgently if we are going to tackle climate change. Accounting for more than a quarter of global emissions, the industrial sector is the second largest emitter and requires rapid decarbonisation. In this endeavor, partnerships are crucial. With our technologies, we at Siemens Energy constantly seek to create value with our partners toward a low-carbon future. I am convinced the Alliance for Decarbonization will accelerate decarbonisation by installing a first-class exchange forum for industry, technology, and knowledge partners,” said Karim Amin, member of the executive board of Siemens Energy.
The Alliance for Industry Decarbonization was created to 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. The Alliance also aims to strengthen dialogue and coordinate action by industrial stakeholders from across the public and private sectors.