Achieving Sustainable Development Goal 13 and implementing the Paris Agreement on Climate Change (COP21) - to keep global temperatures to ‘well below 2 degrees C above pre-industrial levels’, will not be achieved unless there is significant, scaled-up, action.
Energy companies have signed the COP21 ‘Paris Pledge’. Chief Executive Officers of the Oil and Gas Climate Initiative and ICMM have committed to a binding global agreement and a price on carbon. Yet, how industry will deliver is not clear. Meanwhile financial investors are seeking a transparent understanding of the risks entailed in the energy transition with the Financial Stability Board’s Climate-related Financial Risk Disclosures. EnergyCC aims to scale up opportunities for innovation, projects and job creation.
There are energy industry networks organized by sector: ICMM, IPIECA, Oil & Gas Council, Energy Institute (UK); by region: ASCOPE, SEAS, AsiaWEA, and by investors: AIGCC, IFC, the PRI, UNEP-FI. Each focuses on identifying and sharing best in class practice within their individual networks.
EnergyCC addresses the need for a single, joined-up, industry platform bringing the renewable energy industry together with these already existing, industry organizations and financial investors. The result is Joint Industry Projects (JIPs) through improved linkages between these already existing industry organizations. EnergyCC does not aim to create a new organization, nor is its sole purpose to organize events.