It is clear that everything within the energy industry is speeding up. The world is dedicated to reducing their use of fossil fuels, and taking advantage of all the clean alternatives they have to hand. Partnerships are being arranged, new systems are being planned, and technology is being developed to work towards this common goal.
This has become even more of a concern since the events in Russia and Ukraine. Russia’s illegal invasion of Ukraine has pushed countries globally to rush reduce their reliance on fossil fuels, which Russia supplies to much of the world. This is precisely what COP26 President Alok Sharma is planning to discuss further when he attends the World Bank and IMF Spring Meetings in Washington DC. How can countries move from where they are now, to a greener, cleaner future in Energy?
The COP26 President intends to highlight the vital role of energy transition partnerships (such as the South Africa Just Energy Transition Partnership) in the effort to keep 1.5C as an achievable goal. He has expressed his support of this partnership previously, saying:
Across the world we see renewables creating good, green jobs and connecting people to reliable low cost power for the first time. What we now need to do is support developing countries to make this transition. The South Africa Just Energy Transition partnership is a great example of this.Alok Sharma, COP26 President
Also, the matter of finance is one that he intends to bring to the attention of those in attendance. Realistically the only way these improvements will take place is through considerable cost. Which is precisely why one of Alok Sharma’s main points will be moving developed countries, MDBs, and private finance to deliver on their finance commitments.
The full press release can be accessed at this link.
If you would like to be a part of this movement, one way you could do so is by getting involved in the Energy Industry professionally. Please have a look at our online courses; if any of these roles appeals you to you then you can book your space online, or by phone at 0333 012 0002.