IEA and COP28 Presidency Launch Initiative Talks on 1.5°C Energy Transition


The United Arab Emirates (UAE) Presidency of COP28, in collaboration with the International Energy Agency (IEA), has marked a historic milestone by organizing the first in a series of high-level dialogues to achieve a 1.5°C-aligned energy transition. This landmark initiative is conducted in partnership with the International Renewable Energy Agency (IRENA) and enjoys the support of the United Nations Framework Convention on Climate Change (UNFCCC).


The primary objective of these dialogues is to foster consensus on pathways for energy transition compatible with the 1.5°C target while identifying the necessary enabling conditions to accomplish this critical goal. Furthermore, the meetings intend to generate momentum around the target energy outcomes for COP28, emphasizing the urgency of taking decisive action to combat climate change.

Co-chaired by Dr. Sultan Al Jaber, President-Designate of COP28, and Dr. Fatih Birol, Executive Director of the IEA, these dialogues are aimed at engaging key decision-makers from both the public and private sectors within the energy industry. By bringing together a comprehensive and global view of the energy system, the dialogues seek to lay the groundwork for specific commitments and calls to action at the upcoming World Climate Action Summit during COP28.


The inaugural session of the dialogue took place on July 21, 2023, during the 14th Clean Energy Ministerial, which coincided with the G20 Energy Transitions Ministerial Meeting in Goa, India. Distinguished participants from various countries and representatives from the private sector attended the meeting.

Also Read  JERA And Public Investment Fund Join Forces To Drive Green Hydrogen Projects And Derivatives

In his statement, Dr. Sultan Al Jaber underscored the importance of global cooperation, saying, “COP28 represents a milestone opportunity for the world to come together, unite around decisive action, and drive progress towards keeping the goals of the Paris Agreement alive and 1.5°C within reach. This will require a collective effort and so we need everyone at the table – and that includes the energy industry.” He further added, “Building a new energy system can only happen at speed and scale with united action on the supply and the demand side together. These high-level dialogues are bringing public- and private-sector energy decision-makers together under the framework of a COP for the first time. They will help redesign the relationship between policymakers, the biggest energy producers, and the biggest industrial consumers. This is one of my Presidency’s key priorities and will be a crucial step in building consensus on how best to deliver the energy system of the future.”

Dr. Fatih Birol of the IEA highlighted the agency’s comprehensive energy package to ensure the success of COP28. He commented, “The IEA has put forward a comprehensive energy package that can help make COP28 a success. This includes tripling global renewables capacity, doubling energy efficiency progress, slashing emissions from the oil and gas industry, boosting clean energy finance for developing economies, redirecting fossil fuel investment into clean energy, and putting fossil fuel demand into sharp decline. The IEA’s Net Zero Emissions by 2050 Scenario is widely recognised as the global benchmark for efforts to keep the 1.5°C goal within reach, so we are pleased to be working with the COP28 Presidency to lead these important international dialogues to drive stronger ambition and implementation, which is what is urgently needed. Every stakeholder must play their part – including oil and gas producers, which need to set out and deliver on aggressive targets to cut their emissions by 2030.”

Also Read  Tata Power Renewable Energy and Chalet Hotels Ink 6 MW Captive Solar Project Deal

Francesco La Camera, Director General of IRENA, emphasized the need for transformative action, stating, “Our collective promise was to secure a climate-safe existence for current and future generations. We simply cannot continue with incremental changes. There is no time for a new energy system to evolve gradually over centuries, as was the case for the fossil fuel-based system. IRENA centers the renewables-based energy transition as the most realistic climate solution and calls for a tripling of annual renewable energy additions to keep global warming within 1.5°C. Achieving this requires overcoming systemic barriers across infrastructure, policy, and institutional settings in the coming years. The high-level dialogues will play an important role in galvanizing momentum towards the energy objectives of COP28, driving actionable policies and investment decisions through a shared understanding.”

The IEA and IRENA will provide essential data and technical analysis to inform the discussions and invite additional participants as appropriate. Their contributions will cover the current state of the global energy landscape, potential pathways, and actionable policies and investments needed to accelerate the transition fairly and equitably.

Also Read  German Development Bank Signs Debt Swap Agreement With Egypt To Finance Green Energy Transition

Simon Steill, Executive Secretary of the UNFCCC, expressed his hope in these high-level dialogues stating, “These high-level dialogues convened by the COP28 Presidency and the IEA, with the collaborative efforts of IRENA and support of the UNFCCC, should act as a catalyst to drive momentum towards a just and inclusive 1.5°C-aligned energy transition. It is my hope that these dialogues will pave the way for specific commitments and actions by Parties at COP28, bringing us all closer to the sustainable and climate-resilient future that is called for in the Paris Agreement. It’s time for decisive action from all stakeholders.”

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.