Energy Leaders Launch 24/7 Carbon-free Energy Compact
PR91890
NEW YORK, Sept. 24, 2021 /PRNewswire=KYODO JBN/ --
- Alphabet and Google Chief Financial Officer Ruth Porat Calls on Global
Community to Join Compact in Address to United Nations General Assembly
Leading energy buyers, suppliers, solutions providers and governments announced
today the formal launch of the 24/7 Carbon-free Energy Compact in partnership
with Sustainable Energy for All and the UN Energy. The Compact represents a new
global effort to accelerate the transition to a carbon-free electricity sector
to mitigate the worst impacts of climate change. SEforALL and Google made the
announcement today during the United Nations High level Dialogue on Energy in
New York. In addition to Google, founding signatories of the Compact include
The AES Corporation, Orsted, EDP, the city of Des Moines, Iowa, the government
of Iceland, and others.
A carbon-free electricity sector is the foundation for creating a net-zero
emissions global economy. Electricity generates 25% of the world's greenhouse
gas emissions, and is key to decarbonizing other sectors of the economy,
including buildings, transport, and industry. Meeting this challenge will
require a rapid acceleration in the pace of clean energy deployment, the
development of advanced carbon-free energy technologies, and significant policy
changes.
SEforALL and Google are calling on companies, governments, and other
stakeholders to join the Compact in the lead up to November's COP26 Conference
in Glasgow and commit to advancing policies, procurement practices, tools, and
data that are critical to fully decarbonizing the world's electricity systems.
The Compact lays out a set of principles and actions that actors can take to
adopt, enable, and advance 24/7 Carbon-free Energy, focusing on hourly
decarbonization of local and regional electricity grids.
"The world is at a crossroads. We can either continue with business as usual or
embrace change that leads to a more sustainable and equitable future. This
starts with making the important link between energy and climate. The Energy
Compacts that have been put forward as part of this historic UN High-Level
Dialogue on Energy have resulted in ambitious commitments and actions that will
help address energy poverty while working towards decarbonization. The 24/7
Carbon-Free Energy Compact represents a critical partnership across business,
countries, cities and others that will propel us closer to our 2030 Global
Energy Goals," said SEforALL CEO & Special Representative to the UN
Secretary-General Damilola Ogunbiyi.
"Tackling climate change requires government and business to work together with
urgency and focus. The Compact is the first collective action group to bring
together companies, national and local governments, and other stakeholders to
drive innovation and investment in 24/7 carbon-free electricity grids, and we
are hopeful that it will facilitate significant progress. Time is not on our
side-- we need to act now-- and we look forward to others joining with Google
in our efforts," said Google CFO Ruth Porat.
Founding signatories of the Compact include: 8 Rivers Capital, The AES
Corporation, ClearTrace, the city of Des Moines, Iowa, EDP, Energy Tag, Fervo
Energy, FlexiDAO, Google, the government of Iceland, Iron Mountain, the city of
Ithaca, New York, LevelTen Energy, M-RETS, Orsted, Power Ledger, Statkraft,
Tomorrow, and X. Signatories of the Compact commit to advance the procurement
practices, market mechanisms, policies, technologies, and energy data
transparency needed to enable the rapid and cost-effective achievement of 24/7
carbon-free energy for all.
"As a developer of cutting-edge clean energy solutions, 8 Rivers is excited to
work with Google and the world-class partners in this Compact to accelerate the
global energy transition to a 24/7 carbon-free power system, so anyone can
access reliable clean electricity any hour of the day," said 8 Rivers Capital
Chief Executive Officer Cam Hosie.
"Taking action against climate change is the most important and urgent issue
facing us today, and AES is proud to join the 24/7 Carbon-free Energy Compact.
Together, we're co-creating new solutions, such as the first-of-its-kind
agreement to supply 24/7 carbon-free energy to Google's data centers in
Virginia, that will accelerate a smarter, greener energy future," said AES
President and Chief Executive Officer Andrés Gluski.
"As we strive for a net zero future, it's clear that corporations — who are
among the largest energy consumers — need solutions to help them accurately
manage and track power-related emissions. We are proud to support and enable
the transition to a carbon-free energy future," said ClearTrace Chief Executive
Officer Lincoln Payton.
"I want to commend and thank the many global partners who join me in supporting
the transformation of electric grids to 'absolute zero' - or full
decarbonization - by adopting, enabling, and advancing the 24/7 CFE Compact
Statement. Our commitment as a City to decarbonized energy systems supports a
future for clean energy and ensures that all residents have access to
affordable, reliable and sustainable energy," said Mayor of Des Moines, Iowa,
Frank Cownie.
"EDP is thrilled to join the Global Compact for 24/7 Carbon-Free Energy. We are
proud to be at the forefront of the development of new technologies to
accelerate the decarbonization of electricity systems and promote the
globalization of access to clean energy," said EDP Chief Executive Officer
Miguel Stilwell Andrade.
"24/7 carbon-free energy is a critical development in energy procurement
practices and EnergyTag is delighted to be a signatory of this Compact.
EnergyTag is an industry-led, non-profit initiative to define and build a
market for granular energy certificates, which enable consumers to verify the
source of their electricity consumption on an hourly basis and harness consumer
demand for 24/7 carbon-free energy to drive investments," said EnergyTag
Founder Dr. Toby Ferenczi.
"24/7 carbon-free energy is the next step in advancing progress to address
climate change. Fervo Energy is excited to sign on to this important effort and
to continue driving forward geothermal innovations to create a truly carbon
free grid," said Fervo Energy Chief Executive Officer Tim Latimer.
"At FlexiDAO, we provide software solutions and advisory to help companies
achieve their net-zero goals and become true leaders of the energy transition.
For this reason, we are extremely excited to partner with Google and to join
the 24/7 Carbon-free Energy Compact," said FlexiDAO Chief Executive Officer
Simone Accornero.
"Iron Mountain recognizes both the urgent need to decarbonize our energy grid
and the opportunity we have as an energy buyer to make a meaningful impact. We
support the ultimate ambition of meeting each kilowatt needed every hour with
generation from a local carbon free source and have made this a cornerstone of
how we buy and consume power," said Iron Mountain Director of Energy and
Sustainability Chris Pennington.
"Carbon free electricity is essential to achieve full decarbonization. By
joining the 24/7 Carbon-free Energy Compact, the City of Ithaca, N.Y.,
reiterates its commitment to expanding access to carbon free electricity as a
pathway to a clean energy future," said Director of Sustainability for the City
of Ithaca, New York, Dr. Luis Aguirre-Torres.
"Matching every kilowatt-hour of electricity consumption with carbon-free
electricity sources requires a transformative approach to energy procurement,
and LevelTen is committed to building the software solutions required to give
more organizations this opportunity. Together, with our network of energy and
sustainability advisors, we look forward to helping more energy buyers achieve
their 24/7 carbon-free goals," said LevelTen Energy Chief Executive Officer
Bryce Smith.
"M-RETS is excited to participate in this initiative as the first registry to
support an hourly REC claim in partnership with Google. This initiative is an
important step in facilitating a data driven renewable energy market," said
M-RETS President and Chief Executive Officer Ben Gerber.
"Ørsted's vision is to create a world running entirely on green energy, and
this includes meeting demand every hour of every day. We already know the
solutions to get a long part of the way towards 24/7 renewable energy and we're
committed to facilitating the last difficult stretch of the journey together
with our partners," said Ørsted Senior Vice President - Region Continental
Europe Rasmus Errboe.
"The movement to 24/7 renewables with hourly matching through PPAs and RECs is
the best solution to scale renewable energy because it puts a price signal on
when and where power is needed and supports an energy system that is stable,
low cost and low carbon. The Powerledger platform can stamp the time and
location data from clean energy production onto renewable energy certificates
and other commodities, enabling energy retailers like eKwateur and RE100
companies on registries like M-RETS to seamlessly trade, match and manage their
portfolios on an hourly basis," said Powerledger Chairman & Co-Founder Dr.
Jemma Green.
"With the increased penetration of renewable energy on the grid, it becomes
even more crucial to measure emissions at a high resolution. At electricityMap
we're very excited to see this initiative come to fruition, and we hope that it
will help bring the measurement of emissions closer to the physical reality,"
said Founder and CEO of Tomorrow Olivier Corradi.
"We are proud to join this crucial Compact. At X, we recognize that the
complexity of decarbonising the grid in the time required to tackle climate
change requires commitment and collaboration of governments and businesses
throughout the value chain and across the world to the actions necessary to
design and operate a decarbonized power grid. Our moonshot is to work with
partners to develop and apply advanced computing to support the design and
operation of a decarbonized, affordable, reliable and resilient power system,"
said X Vice President Audrey Zibelman.
Each signatory will capture their specific commitments in their own Energy
Compact, an innovation introduced by SEforALL and backed by UN-Energy as a key
outcome of the UN High-level Dialogue on Energy. The Energy Compacts are public
and trackable commitments, with specific actions, made by governments,
companies and others to achieve energy transition goals by 2030 – including
universal access to affordable and clean energy. For more on the Energy
Compacts registry, visit https://www.un.org/en/energycompacts/page/registry.
For more on the 24/7 Carbon-Free Energy Compact, visit
https://www.un.org/en/energy-compacts/page/compact-247-carbon-free-energy.
Stakeholders across the energy ecosystem are invited to sign on to the 24/7
Carbon-free Energy Compact, and can do so by contacting Sustainable Energy for
All at energycompact@seforall.org.
NOTES TO EDITORS
About Sustainable Energy for All
Sustainable Energy for All (SEforALL) [http://www.seforall.org] is an
international organization that works in partnership with the United Nations
and leaders in government, the private sector, financial institutions, civil
society and philanthropies to drive faster action towards the achievement of
Sustainable Development Goal 7 (SDG7) – access to affordable, reliable,
sustainable and modern energy for all by 2030 – in line with the Paris
Agreement on climate. SEforALL works to ensure a clean energy transition that
leaves no one behind and brings new opportunities for everyone to fulfill their
potential.
SEforALL is led by Damilola Ogunbiyi, CEO and Special Representative of the UN
Secretary-General for Sustainable Energy for All and Co-Chair of UN-Energy.
Follow her on Twitter @DamilolaSDG7 [http://twitter.com/DamilolaSDG7]. For more
information, follow @SEforALLorg [http://twitter.com/SEforALLorg].
Logo - https://mma.prnewswire.com/media/1633951/SEforALL_Logo.jpg
For further details on the reports or any interview requests, please contact:
Sherry Kennedy
Sustainable Energy for All
sherry.kennedy@seforall.org
media@seforall.org
+43 676 846 727 237
Source: SEforALL
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