The alliance for industry decarbonization
The International Renewable Energy Agency (IRENA) and the industry have launched the ‘Alliance for Industry Decarbonisation’.
International Renewable Energy Agency (IRENA), its co-founding partner Siemens Energy and 13 companies including Tata Steel and Jindal Steel Works have launched the ‘Global Alliance for Industry Decarbonisation’.
The new alliance aims to accelerate net-zero emissions ambitions and the decarbonization of industrial value chains.
It is a step towards achieving the climate goals of the Paris Agreement.
It will strengthen the dialogue between all the industrial stakeholders in the public and private sectors. It will also coordinate the actions taken by them.
This alliance has been formed under the Bali manifesto. Its first meeting is planned to be held during COP27 in Sharm el-Sheikh, Egypt in November 2022.
Decarbonization is actually the process of reducing carbon dioxide (CO2) emissions into the atmosphere due to human activities.
It plays a very important role in limiting global warming.
Decarbonization will have the following consequences:
- Low carbon emission energy resources like alternative fuels, electrification, renewable energy etc. will be promoted.
- Ensure fairness in the supply chain with life cycle assessments, sustainable procurement practices etc.
- Emission balance will be established with the help of carbon offset projects.
Steps taken by India towards decarbonisation-
- The Perform, Achieve and Trade (PAT) scheme is being implemented to reduce the use of energy in the cement, iron and steel and chemical industries.
- National Solar Mission is being run to promote solar energy in India.
Priority solutions to decarbonize the industry
- Increasing energy efficiency to reduce costs and emissions.
- Improving energy efficiency by targeting, monitoring usage, retrofitting technology, and enhancing research, design, development and demonstration (RDD&D).
- Replacing fossil fuels with low and zero emission energy sources.
- Electrification for low and medium temperature processes. Clean hydrogen for high temperature processes.
- Establishing carbon capture and storage technology to reduce emissions.
- Carbon capture, utilization and storage for source point emissions (fuel combustion and industrial process emissions).
Source – The Hindu
