COP28: Implementing a Plan of Action: Investing in Grids as an Energy Transition Enabler

Event Overview

Aging, insufficient and disconnected grid infrastructure is holding back the global clean energy transition and presents a risk to achieving the global goal of tripling renewable energy capacity by 2030. It is vital that Governments address these challenges, and mandate the build-up of the electricity grid networks to support the transition from fossil fuel sources, particularly coal, and integrate growing volumes of renewable energies. The renewables industry needs a strong and long-term commitment. Technical and regulatory barriers to renewables integration persist and are increasingly complex, but international cooperation and capacity building mechanisms are unlocking paths forward.

This event launched the Green Grids Initiative’s Electricity Transition Playbook, showcasing the range of solutions required to transition grids whilst the panel will stress the urgency of addressing challenges facing grid operators with increased planning, rapid scaling of investment and buildout both at transmission and distribution level to deploy renewable technologies more efficiently and sustainably. The event discussed new types of partnerships between the private sector and governments to expand grids that would safeguard the strategic value of grids as energy security assets.

This event took place at COP28 in the Global Renewables Hub, Mobility District, MA15 (ground floor) on 6 December 2023 from 10:00 to 11:00 GST.

Those attending COP28 as holders of a UNFCCC accredited pass were cordially invited to attend this event.