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Ecology & Environment
Mahesh

08/09/22 05:28 AM IST

Global Alliance for Industry Decarbonization (GAID)

In News 
  • The International Renewable Energy Agency (IRENA), co-founding partner Siemens Energy and 13 companies across all industry sectors have launched the global Alliance for Industry Decarbonization.
About GAID 
  • The new alliance aims to accelerate net-zero ambitions and the decarbonization of industrial value chains in pursuit of the Paris Agreement climate goals.
  • It will also work to enhance the understanding of renewables-based solutions and their adoption by industry.
  • The new coalition was officially launched by adopting the Bali Declaration.
  • Co-founder Siemens Energy has been a major driver for the creation of the alliance and will co-chair the alliance leadership, whose first meeting is planned to take place at COP27 in Sharm El Sheikh, Egypt.
  • About 25% of global GDP is produced by the industrial sector, which also emits around 28% of GHG emissions.
  • The  partnerships based on dialogue and actions are crucial for industrial stakeholders to best address the challenges and opportunities of a clean energy transition.
About IRENA
  • The International Renewable Energy Agency is an intergovernmental organization mandated to facilitate cooperation, advance knowledge, and promote the adoption and sustainable use of renewable energy.
  • India is the 77th Founding Member of IRENA.
  • IRENA also coordinates Small Island Developing States (SIDS) Lighthouse Initiative for supporting the energy transition efforts of Small Island countries.
Source- The Hindu 

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