BRASILIA A group of more than 60 CEOs who are members of the Alliance for the Decarbonization of Industry (AFID) announced on Tuesday (12/05) commitments to reduce direct and indirect greenhouse gas (GHG) emissions by 51% and the installed To increase renewable energy capacity from 84 gigawatts (GW) today to 187 GW in 2030.
The announcement came during COP28 in Dubai, United Arab Emirates, a global meeting to discuss climate policy.
With more than 30% of global greenhouse gas emissions and almost 40% of energy consumption, the industrial sector is the second largest global emitter after energy production.
With forecasts of a significant increase in demand for energy and industrial products, the transition in these segments to lowcarbon sources is seen by scientists as crucial to limiting the rise in global temperature to 1.5°C by the end of the century.
This is one of the objectives of AFID, which was launched with the proposal to decarbonize industrial value chains and accelerate net zero targets in line with the Paris Agreement.
The alliance’s founders and partners include private and public organizations operating in energyintensive sectors, from oil companies such as Adnoc, Repsol and Equinor, to renewable energy companies such as Enel Green Power and EDF Renewables, to energyintensive industries such as mining. Brazilian Vale.
50 billion US dollars
To advance lowcarbon energy solutions, including green hydrogen, Alliance members have also committed to increasing investment in energy transition projects to more than $50 billion by the end of this decade. In addition to increasing the workforce reskilling rate from 15% to 91%.
AFID also calls on governments to create policies, regulations and incentives that support emissions reductions, facilitate the transition to a lowcarbon economy and invest in clean energy and sustainable technologies.
“There is no alternative to the energy transition we have to act together. Partnership drives progress, and this shared commitment is an important step. There are no reasons or excuses to wait for action. “All the necessary technologies are in place and it is clear that without significant changes, global warming will increase by more than 3°C,” he argues. Christian BruchCoPresident of AFID and CEO of Siemens Energy.
AFID is jointly led by Siemens Energy and Tata Steel, while the International Energy Agency (Irena) acts as the secretariat.
Since launching in 2022, the alliance has gained 50 companies and 13 partners as members. The group focuses on five pillars and enablers: renewable energy, green hydrogen, bioenergy with carbon capture, utilization and storage (CCUS), human capital and finance.