The International Renewable Energy Agency (IRENA) in cooperation with 13 companies across all industry sectors has launched the global Alliance for Industry Decarbonization which will hold its first meeting in Egypt at COP 27 in Sharm El Sheikh, according to IRENA.

The statement mentioned that this new Alliance aims to accelerate net-zero ambitions and industrial decarbonization according to Paris Agreement Climate goals. IRENA said that it “will coordinate and facilitate the activities of the Alliance based on its vast experience in hosting similar multi-stakeholder platforms, such as the Global Geothermal Alliance, the SIDS Lighthouses, and the Coalition for Action.”

Adopting the Bali Declaration, the launch of this new coalition took place during IRENA’s Investment Forum on Energy Transitions in Bali, Indonesia in the presence of IRENA’s Director-General Francesco la Camera and the Executive Board Member of Siemens Energy Karim Amin. Co-founder Siemens Energy has driven the momentum behind the establishment of the Alliance and will co-chair the Alliance leadership.

“Climate action needs industry leaders”, said Francesco La Camera, Director-General of the International Renewable Energy Agency (IRENA). “This Alliance stands for the growing commitment of global industry to act on decarbonization and unlock opportunities that come with a green industrialization through renewables and other transition-related technologies like green hydrogen. By standing together we send a clear signal of solidarity ahead of COP27 and we invite new partners to join our common vision.”

“We need to slash greenhouse gas emissions urgently if we are going to tackle climate change. Accounting for more than a quarter of global emissions, the industrial sector is the second largest emitter and requires rapid decarbonization. In this endeavor, partnerships are crucial. With our technologies, we at Siemens Energy constantly seek to create value with our partners toward a low-carbon future. I am convinced the Alliance for Decarbonization will accelerate decarbonization by installing a first-class exchange forum for industry, technology, and knowledge partners”, said Karim Amin, Member of the Executive Board of Siemens Energy.

Members of Alliance for Industry Decarbonization: Co-founding partner Siemens Energy, Enel Green Power, TAQA Arabia, Eni, Technip Energies, EDF Renewables, JSW, Tata Steel, Sable Chemicals, Tatanga Energy, Roland Berger, Repsol, Equinor and TAQA.