The Global Energy Efficiency Alliance was launched by the UAE at the COP29 in Azerbaijan.

• The Alliance will follow up on the lead taken up by the ‘UAE Consensus’ from COP28 aimed at reducing carbon emissions and conserving natural resources.

About Global Energy Efficiency Alliance

• Objective: The Alliance aims to double annual global energy efficiency rates by 2030 and reduce carbon emissions.
• Vision: The UAE will play a leading role in this alliance by sharing its expertise in energy efficiency, knowledge transfer, and building effective partnership models with the private sector. 
• Significance: 
• • Promote knowledge sharing, build capacity, and standardise policies that encourage investments in energy efficiency projects
  • Collective Participation among nations, multilateral organisations, and private sector players to implement policies, technologies, and investments aligning with global sustainability goals.
• Focus Country: African countries will be specially focused with plans to share financing models and technological solutions critical for its sustainable development.

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About The UAE Consensus

• It is a comprehensive document that calls for a transition away from fossil fuels in energy systems, in a just, orderly and equitable manner to achieve net zero by 2050. 
• Action Plan: It encourages Parties to submit economy-wide Nationally Determined Contributions (NDCs) and sets specific targets, including tripling renewables and doubling energy efficiency by 2030. 
• Commitments:
• • Reducing Non CO2 Emissions: The UAE Consensus for the first time acknowledges methane as a  greenhouse gas that needs to be controlled by 2030. 
  • To address Climate Change, biodiversity loss, and land degradation simultaneously to achieve the Paris Agreement’s temperature goals. 
  • Renewed Focus on Climate Finance: The agreement also paves the way for a new architecture for climate finance and building momentum toward a sustainable future
  • Gender-Responsive Climate Action: The Consensus includes a Global Call to action to drive progress on gender-responsive climate and environment commitments. 
  • Indigenous People Participation: It includes the Podong Indigenous Peoples Initiative, which will provide funding directly to Indigenous Peoples. 
  • Encouraging Private Sector Action: The UAE Consensus includes the Net Zero Mobilization Charter, which encourages the private sector to make and update net zero emissions targets.