Government-Industry Dialogue: Breakout 3: The future is electric: the role of grids as a key enabler of the clean energy transition.

Feb 14, 2024 | 10:30 AM - 11:15 AM

CC10

Description

Clean energy transitions imply profound changes to electricity systems, both in demand and supply, which will have major consequences for transmission and distribution grids. IEA’s analysis shows that to achieve countries’ national energy and climate goals, the world will need to add or refurbish a total of over 80 million kilometres of grids by 2040, the equivalent of the entire existing global grid. Moreover, at least 3 000 gigawatts of renewable power projects are waiting in grid connection queues. Action is needed to update and integrate strategic planning across sectors, as well to revise how grid companies are remunerated. A focus on unlocking investment in emerging markets and developing economies is also crucial. Moreover, streamlining administrative procedures and bolstering public acceptance will be important to reduce lead times for grid expansions, alongside digitalisation of transmission and distribution grids to support efficiency and security. This breakout group will discuss how governments and industry can best collaborate to deliver on these priority actions. Participation in Room CC10: • Heads of Delegation plus three for Members • Heads of Delegation plus two for Accession and Association Countries • Industry plus one • Special Guests