COP29 Presidency and International Energy Agency Share Call to Action for Energy Transition

As part of its plan to enhance ambition and enable action, the COP29 presidency is delivering a balanced package of outcomes that includes clear next steps on the implementation of the Global Stocktake.

The Presidency, in partnership with the International Energy Agency (IEA), shared five key opportunities for COP29 to demonstrate positive progress on energy goals identified at COP28.

The five opportunities identified are:

• Scale up energy storage and electricity grids as a key enabler to achieving the global goal of tripling renewable energy capacity this decade and ensuring that the full benefits are realised;

• Ensure countries accelerate policy implementation to achieve the goal of doubling energy efficiency progress by 2030;

• Maintain a focus on cutting emissions from methane and fossil fuels;

• Implement solutions to boost clean energy investment in developing economies to support their transitions;

• The next round of Nationally Determined Contributions should be informed by the Global Stocktake (GST) outcomes.

"We encourage countries, business leaders, civil society, financial institutions and international organisations to support these opportunities to make progress on a just and equitable energy transition for all at COP29," the COP29 Presidency stated.