Top executives from the 28 member companies and knowledge partners of the Alliance for Industry Decarbonization held the group’s maiden meeting at COP27 and outlined a joint vision and implementation plan.
The meeting focused on six pillars and enablers:
- Renewables
- Green hydrogen
- Bioenergy with Carbon Capture, Utilisation and Storage (CCUS)
- Heat process optimisation
- Human capital
- Finance
We have less than a decade left to secure a fighting chance for a 1.5°C world. Climate action needs industry leaders. This Alliance stands for the growing commitment of global industry to act on decarbonisation
Francesco La Camera, Director-General of IRENA, said.
As co-chair of the Alliance, Christian Bruch, President and Chief Executive Officer of Siemens Energy, added that “there are no reasons or excuses to wait for action. All technologies needed are available and the recent IPCC report has made it clear that without major changes global warming will increase more than 3.2 °C.”
Furthermore, Co-chair of the Alliance, T. V. Narendran, CEO & MD, Tata Steel, mentioned that:
We need to recognise our obligation to work towards mitigation of climate change-related risks and strive to reduce our carbon footprint. The key is to collaborate among a wide range of organisations including experts, academia, technology providers, and research institutions, and to find solutions together and faster
Since its launch, the Alliance has officially welcomed State of Green as a new knowledge partner and 13 new members: OQ, the KIS Group, VALE, ATC Development, Subsea7, Elsewedy Electric, FLSmidth, Petronas, Ecopetrol, Unilever, Envision, Alfanar Global Development and Alzahid Group. The Alliance is urging new members to sign up and join their common vision to speed-up the energy transition.
