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- Six months after the Glasgow Climate Summit and framed by the challenges presented by the war in Ukraine, the Energy Transition Council held its fifth Ministerial Dialogue.
- The Council discussed how to redouble their efforts to accelerate the global transition to clean energy and as part of the response to the current energy market uncertainty, marking a new phase of collaboration under the Council.
- Alongside an address from co-chair COP President Alok Sharma, Ministers and representatives including from Egypt, Bangladesh, Indonesia, Kenya, Morocco, Nigeria, the Philippines, Lao PDR, and Germany engaged in dialogue with leading technical and financial institutions.
- ETC partners heard analysis from the International Energy Agency on the short-term implications of the war in Ukraine and set out the risks of not achieving our Paris Agreement goal of limiting global temperature rises to 1.5-2C.
- ETC partners also discussed calls from the International Labour Organisation (ILO) on countries’ urgent need to increase delivery of green jobs as part of a just and equitable energy transition.
- Leading contributors of international technical assistance and finance (including Global Energy Alliance for People & Planet (GEAPP), Climate Investment Funds (CIF), African Development Bank (AFDB), and the Asian Development Bank (ADB) laid out their plans to support a just equitable energy transition in ETC countries.
- The Council also discussed ongoing implementation of the ETC’s Rapid Response Facility (RRF) projects and the potential for new collaboration to further support country ambition on the pathway to COP27.
Ministers and senior officials from 10 countries as well as 8 international institutions attended the 5th convening of the Energy Transition Council (ETC) on 24 May 2022 and indicated their commitment to identify, coordinate and implement tailored solutions to decarbonise the power sector more rapidly.
Building on the ETC’s Strategic Priorities laid out at COP26 and with the announcement of the ETC’s operation to at least 2025, the ETC provides a space for high-trust dialogue between countries that require support for their energy transition and major international donors and actors offering support.
Opening the meeting UK Minister of State for Energy, Clean Growth, and Climate Change Greg Hands, underlined the important agenda of the Energy Transition Council in today’s uncertain world dominated by the war in Ukraine. The Council allows for continued frank and open ministerial dialogue on a just and equitable energy transition, to keep all on track to reach the Net Zero and Glasgow Power Breakthrough goals. He welcomed the importance of the technical assistance and resulting investments that the ETC facilitates between countries requiring support and the ETC’s global network of technical, financial, and political experts.
Ministerial discussions took place against a background of heightened energy security concerns in the wake of the unfolding war in Ukraine. The International Energy Agency delivered an important message to Ministers and officials during the Council proceedings, setting out the risks of not reaching the 1.5C Paris objectives. In this context the IEA emphasised how the transition to clean energy offers the most sustainable and secure path out of today’s difficulties.
Ministers also discussed countries’ urgent need to increase delivery of green jobs and further investment in the energy transition as part of a just and equitable energy transition responding to interventions from the ILO and the Climate Investment Funds.
ETC members – Governments and institutions – responded to the call for support, indicating their offer of finance, expertise and assistance which will help to deliver on their commitments laid out by ETC partners at COP26.
The ETC is proving its ability to provide fast-acting, catalytic support with the ETC’s Rapid Response Facility (RRF) delivering on over 22 requests for support. The RRF responds to requests from ETC partner countries to deliver on short term needs and connect countries to longer-term, larger-scale financing. Finally, ETC Ministers outlined opportunities to deepen and scale the RRF’s impact in responding to the pressing challenges faced ahead of COP27 and beyond.