Energy Transition: Commission announces three Energy Compacts at UN High-Level Dialogue in New York

(Credit: Unsplash)

This article is brought to you in association with the European Commission.


At the UN High-Level Dialogue on Energy this week in New York, Executive Vice-President for the European Green Deal, Frans Timmermans and Commissioner for Energy, Kadri Simson presented three Energy Compacts, in partnership with the International Energy Agency and the International Renewable Energy Agency. In their roles as Energy Access Champion and Just Transition Champion in this UN process respectively, the Executive Vice-President and the Commissioner highlighted the EU’s willingness to lead the global efforts to reach universal energy access by 2030 and accelerate the clean energy transition, and showed concretely how the European Green Deal plays a role on the global stage.

Executive Vice-President Frans Timmermans, said: “Clean energy is more affordable now than ever, so the time is ripe to break the global dependence on fossil fuels. Recovery from the pandemic gives us an opportunity to transition faster and to build new energy systems based on renewables. It is important that we address these issues at this moment of recovery and cooperate to accelerate the global energy transition.

Commissioner for Energy, Kadri Simson, said: “The EU is supporting the global dialogue on just transition based on our own experience in moving away from coal. We are inviting other donors, International Financial institutions and investors to take these steps with us, to turn roadmaps and strategies into projects which bring clean energy and sustainable jobs.”

The three UN Compacts which the Commission announced will contribute to mobilising the investments necessary to reach universal energy access and to accelerate the clean energy transition around the world.

  • Firstly, a new project with the International Energy Agency (IEA) will prepare zero
    emission energy roadmaps for countries dependent on coal. The roadmaps will propose inclusive pathways for energy system decarbonisation that ensure a just, socially fair transition that leaves nobody behind, while ensuring security of energy supply and growing energy access.
  • Secondly, we will cooperate with the International Renewable Energy Agency (IRENA) to prepare Regional Energy Transition Outlooks for Africa, Latin America and the Caribbean and Europe. They will provide a thorough analysis of the regions’ potential and options in terms of renewable energy, energy efficiency, infrastructure, energy access and cross-border cooperation, as well as an assessment of investment needs and socio-economic impact. They will include concrete policy recommendations to achieve the Sustainable Development Goal on energy, in line with the 1.5 degree Paris objective.
  • Thirdly, we will work with Denmark, Germany, IRENA and other partners on a Green Hydrogen Compact Catalogue. This will be designed to give a boost to green hydrogen worldwide, including a commitment to cooperate on renewable hydrogen development with the African Union in the framework of the Africa-Europe Green Energy Initiative.

The three Compacts are strongly linked to EU’s climate and energy priorities, in particular universal energy access, just transition, and the promotion of renewable energy, including green hydrogen. The Compacts will contribute to achieving the global clean energy transition and complement the EU’s commitments on climate finance.

The roadmaps and regional energy transition outlooks to be developed by the IEA and IRENA with targeted countries and regions will provide opportunities for guiding EU’s further energy policy orientations and investment cooperation. The roadmaps and outlooks will also support the Africa-EU Green Energy Initiative, to be launched next year.

Background

The UN High-Level Dialogue on Energy, taking place from 22 to 24 September 2021 (virtual), is the first UN gathering on energy since 1981. It aims at accelerating the achievement of Sustainable Development Goal 7 in support of the Decade of Action ahead of COP26. The main outcomes of the dialogue will include a global roadmap based on the recommendations of the Working Groups to achieve universal global access by 2030 and net zero emissions by 2050, and a series of “Energy Compacts” that present multi-stakeholder partnerships and voluntary commitments from Member States and non-state actors. The High-Level Dialogue is structured around five themes, supported by global champions, including EVP Timmermans (energy access) and Commissioner Simson (enabling the SDGs through inclusive and just energy transitions).

On the first day of the High-Level Dialogue, Executive Vice-President Timmermans delivered a speech during the panel on “Energy as a golden thread: a means to deliver on domestic and international priorities and goals”. Today, 24 September, he also participates in the leadership dialogue “Accelerating action to achieve universal energy access and net zero emissions.”

On 22 September, Commissioner Simson intervened with a speech at the session “Knowledge into Action: Advancing a just and inclusive energy transition that also addresses achieving universal energy access.”

In both keynote interventions, they outlined the European Green Deal ambition to make Europe the first climate-neutral continent by 2050 and to achieve a 55% reduction in greenhouse gas emissions emissions in the EU by 2030, presented in an ambitious package of legislative proposals on 14 July 2021. 

the sting Milestones

Featured Stings

Can we feed everyone without unleashing disaster? Read on

These campaigners want to give a quarter of the UK back to nature

How to build a more resilient and inclusive global system

Stopping antimicrobial resistance would cost just USD 2 per person a year

Big tech cannot crack down on online hate alone. We need to fund the smaller players

What makes a great CEO? The people they surround themselves with

Is your business model fit for the Fourth Industrial Revolution?

The role of public affairs in student NGOs

Coronavirus: a common approach for safe and efficient mobile tracing apps across the EU

Here’s how private investors can turn plastic into gold

Digital Single Market: Cheaper calls to other EU countries as of 15 May

How Leonardo da Vinci’s outsider status made him a Renaissance man

ECB’s unconventional monetary measures give first tangible results

ECB’s billions fortify south Eurozone except Greece; everybody rushes to invest in euro area bonds zeroing their yields

Women’s Rights: Another Challenge for Medical Students

Bugged Europe accepts US demands and blocks Morales plane

Who really cares about the 26.2 million of EU jobless?

Equitable vaccine delivery will fuel better global health processes

‘More time’ agreed for buffer zone, to spare three million Syrian civilians in Idlib

Negotiated two-State solution still ‘the only option’ for Palestine: Guterres

‘Every ventilator becomes like gold’ – a doctor’s stark warning from Italy’s Coronavirus outbreak

Africa’s future is innovation rather than industrialization

The Commission accused of tolerating corruption and fraud in taxation

Australia’s record heatwave: From fainting tennis players to dead fish

It’s time to take girls’ digital safety and literacy seriously

New EU rules cut red tape for citizens living or working in another Member State as of tomorrow

EU-US relations on the dawn of the Trump era

Amazon fires: Health Effects, Near and Far

To Brexit, or not to Brexit…rather not: 10 Downing Street, London

Victims’ Rights: New Strategy to empower victims

The fatal consequences of troika’s blind austerity policy

Ukraine: €8 million in humanitarian aid to withstand winter

80 adolescents a day will still die of AIDS by 2030, despite slowdown in epidemic

Commission facilitates the activities of ‘merchants of labour’

MEPs demand Bulgaria’s and Romania’s swift accession to Schengen area

The West and Russia impose a new order on the world

Summer pause gives time to rethink Eurozone’s problems

Recovery and Resilience Facility: Romania submits official recovery and resilience plan

Plastic Oceans: MEPs back EU ban on polluting throwaway plastics by 2021

This ‘hidden killer’ is responsible for one in five deaths, and you might never have heard of it

The challenge to be a good healthcare professional

David Cameron’s formal letter/threat that officially opens pandora’s box for the UK

Concorde is a reminder that the only way for innovation is up

Vaccines can win the race against COVID-19 variants. Here’s how

Is continuous sanctioning the way to resolve the Ukrainian crisis?

UN health agency welcomes Facebook pledge to stop vaccine misinformation from going viral

Aid stepped up to Syria camp; new arrivals say terrorists blocked their escape

Safer products: stepping up checks and inspections to protect consumers

Commission concludes that an Excessive Deficit Procedure is no longer warranted for Italy at this stage

Pesticides: MEPs propose blueprint to improve EU approval procedure

Action! How movies are helping young people fight climate change and other global challenges

FROM THE FIELD: Sourcing clean water in Ghana

Google’s hot summer never ends: EC to launch ANOTHER antitrust inquiry against the American giant

Syrians still living on ‘razor edge’ as UN launches $8.8 billion dollar appeal

ITU Telecom World 2016: it’s all about working together

Parliament compromises on Banking Union but sends market abusers to jail

More, not less, multilateralism is needed to fight the coronavirus pandemic

COVID-19: Boosting aid for farmers from the EU rural development fund

Love Affair with Some(one)/(thing)

GSMA Mobile 360 in Kuala Lumpur– Digital Societies, in association with The European Sting

Commission initiates an investigation to decide whether to prolong the steel safeguard measure

Visa facilitation and readmission: agreements with Belarus now in force

COP25: Support business efforts to tackle climate change, urges Guterres

UN chief announces progress on committee to shape Syria’s political future

More Stings?

Trackbacks

  1. […] Energy Transition: Commission announces three Energy Compacts at UN High-Level Dialogue in New York […]

Speak your Mind Here

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: