- The United Kingdom has launched the Global Clean Power Alliance, an initiative aimed at stimulating the transition to clean energy worldwide.
- The Global Clean Energy Alliance will work to address the most critical challenges of the energy transition
The United Kingdom has launched the Global Clean Power Alliance, an initiative aimed at stimulating the transition to clean energy worldwide and which already has twelve signatories, including Morocco, Downing Street announced on Tuesday.
Brazil, Australia, Barbados, Canada, Chile, Colombia, France, Germany, Norway, and Tanzania are also among the first countries to sign up to the initiative, launched by British Prime Minister Keir Starmer at the G20 summit in Rio de Janeiro.
Mr. Starmer explained that this partnership should speed up the global drive for clean power by uniting countries across the North and South.
In a statement, Downing Street said the alliance will share its expertise with the goal of meeting the COP28 commitments to triple renewable energy and double energy efficiency.
The Global Clean Energy Alliance will work to address the most critical challenges of the energy transition, according to the same source. The Alliance’s first mission will be to unlock private finance on a huge scale so that no developing country is left behind.
The Alliance will help countries build investment platforms and provide the assistance needed to establish their own financing.
“We want our clean energy ambitions to go global, so it is fantastic news that multiple other countries are now on board with the UK-led Global Clean Power Alliance,” Mr. Starmer was quoted as saying.
“This is a once-in-a-generation opportunity to make sure we face up to the climate crisis head-on while delivering more jobs, growth, and prosperity for people across the entire planet,” he added.
Last week, the UK government pledged to introduce legislation that will ban new coal-powered projects, which are seen as the main contributor to greenhouse gas (GHG) emissions.
At COP29 in Baku, Azerbaijan, Mr Starmer unveiled ambitious targets for reducing the UK’s GHG emissions. In particular, he pledged to reduce emissions “by at least 81 per cent” by 2035, compared with 1990 levels.