24/7 Carbon-free Energy Compact
An ambitious global effort is needed to accelerate the decarbonization of the world’s electricity systems to mitigate climate change and ensure access to clean and affordable electricity for all in line with SDG7.
In response to the urgent need to drive rapid decarbonization across the global economy, a group of energy buyers, energy suppliers, governments, system operators, solutions providers, investors and other organizations has joined together to accelerate the decarbonization of electricity grids by adopting, enabling, and advancing 24/7 Carbon-free Energy (CFE).
24/7 Carbon-free Energy (CFE) means that every kilowatt-hour of electricity consumption is met with carbon-free electricity sources, every hour of every day, everywhere. It is both the end state of a fully decarbonized electricity system, and a transformative approach to energy procurement, supply, and policy design that is critical to accelerating its arrival.
The 24/7 Carbon-free Energy Compact is a set of principles and actions that stakeholders across the energy ecosystem can commit to in order to drive systemic change. Due to the remarkable ongoing progress in clean energy and enabling technologies, the transition to a fully decarbonized electricity sector is possible. Achieving it will require a concerted and targeted effort by all stakeholders to develop and scale the energy policies, technologies, procurement practices, and solutions to transform the broader energy ecosystem to enable rapid and cost-effective achievement of 24/7 CFE for all.
24/7 Carbon-Free Energy Compact Workshops
From 6 to 18 October, UN-Energy organized a series of workshops to provide an overview of the growing movement for 24/7 Carbon-Free Energy and how 24/7 CFE can accelerate electricity grid decarbonization and its relevance to net-zero goals. The workshops also informed interested stakeholders across the energy ecosystem how to join this movement and commit to the 24/7 CFE Compact. You can download the presentations here.