An ambitious global effort is needed to accelerate the decarbonization of the world’s electricity systems to mitigate climate change and ensure access to clean and affordable electricity for all in line with SDG7.
In response to the urgent need to drive rapid decarbonization across the global economy, the African Circular Business Alliance (ACBA) has joined a group of energy buyers, energy suppliers, governments, system operators, solutions providers, investors and other organizations to accelerate the decarbonization of electricity grids by adopting, enabling, and advancing 24/7 Carbon-free Energy (CFE).
24/7 Carbon-free Energy (CFE) means that every kilowatt-hour of electricity consumption is met with carbon-free electricity sources, every hour of every day, everywhere. It is both the end state of a fully decarbonized electricity system, and a transformative approach to energy procurement, supply, and policy design that is critical to accelerating its arrival.
“We are ready to work closely with the coordinators and signatories of the 24/7 Carbon-Free Energy Compact to accelerate the process of making carbon-free energy affordable, reliable, modern and accessible to all, particularly for people and businesses in Africa” said Miguel Peters, CEO African Circular Business Alliance.
The 24/7 Carbon-free Energy Compact is a set of principles and actions that stakeholders across the energy ecosystem can commit to in order to drive systemic change. Due to the remarkable ongoing progress in clean energy and enabling technologies, the transition to a fully decarbonized electricity sector is possible. Achieving it will require a concerted and targeted effort by all stakeholders to develop and scale the energy policies, technologies, procurement practices, and solutions to transform the broader energy ecosystem to enable rapid and cost-effective achievement of 24/7 Carbon-Free Energy for all.
The 24/7 Carbon-Free Energy Compact is a movement coordinated by UN-Energy and Sustainable Energy for All.
The UN-Energy is the United Nations’ mechanism for inter-agency collaboration in the field of energy, established by the UN System Chief Executives Board for Coordination (CEB) in 2004 as the United Nations ‘mechanism for inter-agency collaboration in the field of energy. UN-Energy seeks to act to support countries in achieving SDG7 and the interrelated goals of the Paris Climate Agenda and the broader SDG agenda.
About Sustainable Energy for All:
Sustainable Energy for All (SEforALL) is an international organization that works in partnership with the United Nations and leaders in government, the private sector, financial institutions, civil society and philanthropies to drive faster action towards the achievement of Sustainable Development Goal 7 (SDG7) – access to affordable, reliable, sustainable and modern energy for all by 2030 – in line with the Paris Agreement on climate.
About The African Circular Business Alliance:
The African Circular Business Alliance (ACBA) is a fact-based organization that uses intensive research to galvanize the African business community on multiple sectors with the purpose of providing technical assistance, circular business growth strategies, decarbonization pathways and access to funding for eco-friendly African businesses, to build a sustainable, profitable and scalable circular market in Africa with long-term impact and a Race-To-Zero commitment.
To learn more about the 24/7 Carbon-Free Energy Compact visit GoCarbonFree247