Summit will bring together leaders from industry, government, intergovernmental organisations, NGOs, philanthropy, and COP presidencies in New York to help embolden action on the global tripling renewables target.
Brussels, Belgium and New York, NY, 26 June 2024: Today, the Global Renewables Alliance (GRA) and Bloomberg Philanthropies, in partnership with the governments of Barbados and Kenya, the European Commission, the COP28 and COP29 Presidencies, the International Energy Agency (IEA), the International Renewable Energy Agency (IRENA), Sustainable Energy for All (SEforALL), and the Center on Global Energy Policy (CGEP) at Columbia University – SIPA announced the Global Renewables Summit, the first-ever high-level public-private summit to discuss the progress, opportunities, and challenges of tripling renewable energy globally by 2030. The Summit will be held in New York from 23-25 September on the margins of the 79th UN General Assembly High-Level Week.
Following the first Global Stocktake adopted at COP28, and captured in the historic UAE Consensus, which calls for tripling the world’s renewable energy capacity and doubling energy efficiency gains by 2030 and ensuring deep, rapid, and sustained reductions in greenhouse gas emissions in line with a pathway to limit global warming to 1.5 °C in a nationally determined manner, the Summit will serve as a platform to advance key areas of action to scale-up renewable deployment this decade, especially in emerging markets and developing economies (EMDEs). The organising partners represent a unique coalition of governments, private sector, philanthropy, international organisations, and academia and demonstrates the collective momentum and drive to accelerate the pace and scale of the transition to renewable energy.
“Transitioning from coal and other fossil fuels to renewable energy is key to solving the climate crisis,” said Antha Williams, who leads the environment program at Bloomberg Philanthropies.
“The world must triple renewable energy by 2030. The deployment and investment levels in emerging and developing economies remains far below the scale and pace needed. Rapidly scaling up deployment in these countries is crucial to curb emissions and protect people’s health and our economies from the worst effects of climate change. Bloomberg Philanthropies look forward to bringing together world leaders and experts to exchange insights and mobilise action to help achieve a clean energy future for all,” she added.
“At COP28, a coalition of private sector, civil society, governments, and multilateral organisations collectively secured a global target to triple renewables by 2030. Now, it’s time for action. Renewable technologies are mature and competitive, and the industries are ready to deliver, but the right policy frameworks and implementation are now urgently required. We are honoured to co-host this unique public-private summit with some of the leading organisations in the world to ignite a worldwide race to the top, accelerating action on finance, permits, grids, and supply chains to unleash the full potential of renewables,” said Bruce Douglas, CEO of the Global Renewables Alliance.
The Summit will feature an opening segment with participation of governments followed by high-level multi-stakeholder roundtables on key topics including access to finance, supply chains, permitting and grid infrastructure. The Summit will provide a space for governments to deliberate on the target of increasing global energy storage six-fold by 2030 and to consider including sectoral renewable energy targets in their Nationally Determined Contributions due in 2025. The organising partners will also present announcements and reports in support of the tripling renewables target.
About Global Renewables Alliance (GRA)
The Global Renewables Alliance (GRA) was established by the Global Wind Energy Council, Global Solar Council, International Hydropower Association, Green Hydrogen Organisation, Long-Duration Energy Storage Council and the International Geothermal Association to unify the global bodies. Collectively we strengthen the private sector’s voice on accelerating the energy transition, working to triple global renewable energy capacity by 2030 to at least 11,000 GW. For more information, please visit globalrenewablesalliance.org, or follow us on LinkedIn, X and Instagram.
About Bloomberg Philanthropies
Bloomberg Philanthropies invests in 700 cities and 150 countries around the world to ensure better, longer lives for the greatest number of people. The organization focuses on creating lasting change in five key areas: the Arts, Education, Environment, Government Innovation, and Public Health. Bloomberg Philanthropies encompasses all of Michael R. Bloomberg’s giving, including his foundation, corporate, and personal philanthropy as well as Bloomberg Associates, a philanthropic consultancy that advises cities around the world. In 2023, Bloomberg Philanthropies distributed $3 billion. For more information, please visit bloomberg.org, sign up for our newsletter, or follow us on Instagram, LinkedIn, YouTube, Threads, Facebook, and X.
The Global Renewables Alliance ( GRA) represents the leading international industry players and provides a unified renewable energy voice. Comprised of founding members the Global Wind Energy Council, the Global Solar Council, the International Hydropower Association, the International Geothermal Association, the Long Duration Energy Storage Council and the Green Hydrogen Organisation, the Alliance aims to increase ambition and accelerate the uptake of renewable energy across the world. #3xRenewables.
