Countries met at this year’s COP29 Azerbaijan to resolve complex climate issues and collaborate on finding meaningful solutions to the global climate crisis.
Among the pledges/declarations of COP29 include:
COP29 Green Energy Zones and Corridors Pledge: Countries have committed to green energy zones and corridors to connect sources of abundant green energy generation with the communities most in need by developing larger intraregional and interregional interconnected power grids.
COP29 Global Energy Storage and Grids Pledge: Endorsers have committed to a collective goal of deploying 1,500 GW of energy storage globally by 2030, more than six times the capacity of 2022. It also includes a commitment to add or refurbish 25 million kilometres of grids globally by 2030, recognising the need to add or refurbish an additional 65 million kilometres by 2040.
COP29 Hydrogen Declaration: Endorsers commit to scale up #renewable, clean/zero-emission and low-carbon hydrogen production and accelerate the decarbonisation of existing hydrogen production from unabated fossil fuels. It aims to significantly increase green hydrogen production from one million tonnes annually today and reduce the 96 Mt of hydrogen currently produced from unabated fossil fuels.
COP29 Green Digital Action Declaration: Endorsers are committed to accelerate climate-positive digitalisation and emission reductions in the Information and Communication Technology sector and enhance accessibility of green digital technologies.
REDEX is positive on these pledges which will:
✅ Advance power grid interconnectedness between countries;
✅ Increase energy storage and enhance grids to harness the full potential of renewable energy;
✅ Scale up production and use of clean hydrogen; and
✅ Boost the development and deployment of technological advances that support decarbonisation.
With our innovative renewable energy solutions, REDEX looks forward to supporting the above pledges and accelerating the global transition to net zero for present and future generations.
