In the context of the current energy crisis, it is more important than ever for stakeholders along the value chain to join forces and work towards a decarbonized economy. Over the past year, GSEP has played a central role in gathering key players to pursue new, innovative solutions to accelerate the pace of electrification worldwide, exchange insights on how policies and regulations affect product offerings, and share experiences, best practices, and lessons learned.
The Catalyzing Electrification Accord, announced last September, affirmed the commitment of 14 forward-thinking companies to push to develop innovative approaches to accelerating electrification. The Accord represented the culmination of the first year of the Strategic Open Dialogue on Electrification (SODE), a global coalition created by GSEP that brings together companies from the power sector, end‐user sectors (transport, industry, building), and strategic and technology partners.
In the first half of 2023, two additional SODE roundtables in Rome and Brussels have continued the conversation with deep dives into solutions for the electrification of industrial processes and buildings.
At 2022 Climate Week NYC, GSEP organized events putting a spotlight on the challenges and enablers of electrification. An Electrification Dialogue gathered city and state policymakers to share insights on local governments’ commitments to decarbonizing their cities while creating value for their communities. In addition, panel discussions featured perspectives from experts on how to build alliances and ensure energy security while decarbonizing the grid.
Advocate for policy frameworks that back up electrification
Foster new innovative business models
Accelerate information flows along and across value chains
Ensure a swift and efficient energy transition
Develop infrastructure fit for the transformation
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At the COP27 UN climate conference, GSEP hosted two panels to highlight the role of electrification as the key to a zero-carbon future. Experts from GSEP members and external partners discussed practical strategies for decarbonizing the energy mix through hydropower in a panel organized with the International Hydropower Association (IHA). They also considered opportunities for collaboration between businesses and utilities to stimulate the uptake of electrified solutions in an event featured in the We Mean Business pavilion.
GSEP and its members maintained an active presence at COP15, the UN biodiversity conference, in December 2022. GSEP utilities are committed to fostering biodiversity while developing the infrastructure necessary to decarbonize our economies, the achievement of which is essential to combatting biodiversity loss worldwide.
