Briefing

Corporate programme

Accelerating power sector transition

16.11.20

The power sector sits at the heart of the energy transition and is critical to the transition of many other sectors due to its positive spill-over effects. However, unprecedented levels of coordination, investment and planning are needed now to deliver a zero-emissions power sector. This background paper is intended to frame discussions that power and utilities sector companies will have with investors during 2021 in their shared ambition to deliver on decarbonisation of the sector.

Investors and companies have a critical role to play through investments in renewables infrastructure and other supporting clean technologies like storage or carbon capture. According to IEA’s World Energy Outlook 2020 report  (WEO 2020), a completely unprecedented level of investment of over US$ 2.2 trillion in the power & utilities sector is needed annually by 2030 to achieve net zero emissions in 2050, more than twice the level achieved in the best year of oil and gas upstream investment.

Latest Resources

Other

22.02.21

Investor practices programme

Request for Proposals: Methodologies for assessing Paris Alignment for private equity

Summary

Consultation response

19.02.21

Policy programme

IIGCC response to HMT consultation on the Future Regulatory Framework Review

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Other

15.02.21

Cross programme

Request for Proposals: Climate Transition Paper

Summary

Other

15.02.21

Corporate programme

Request for Proposals: Investor Expectations on Corporate use of Nature Based Solutions

Summary

Consultation response

11.02.21

Policy programme

IIGCC response to Commission consultation on the Renewable Energy Directive

Summary