November 5, 2021
DOE Launches Net Zero World Initiative for Global Collaboration
The U.S. Department of Energy has launched a new partnership between countries focused on implementing climate commitments and accelerating the transition to net-zero energy systems.
The Net Zero World Initiative is part of the Build Back Better World initiative and will offer countries with climate ambitions access to U.S. government and DOE national laboratories to work on creating actionable technology road maps and investment strategies to reach net zero. Argentina, Chile, Egypt, Indonesia, Nigeria, and Ukraine are founding country partners, and additional countries are on track to join soon.
“The U.S. is committed to working with countries all over the globe to accelerate clean climate goals from ambition to action, and the Net Zero World Initiative is the latest example of our dedication,” Secretary of Energy Jennifer M. Granholm said in a statement. “With Net Zero World, our partnering nations will harness the power and expertise of the National Laboratories, federal agencies, think tanks, businesses, and universities, to develop tangible clean energy projects that meet their energy needs.”
The program includes partnering with philanthropies, think tanks, businesses, and universities like Breakthrough Energy, the Global Energy Alliance for People and Planet, Lynne and Marc Benioff, and Bloomberg Philanthropies to help countries attract the private capital needed to implement the energy transition. As part of the Build Back Better World partnership, the collaborative approach to reaching net zero target will offer nations a pathway for advancing clean energy use in buildings, industry, electric power, transportation, and agriculture sectors.
The expertise from the national laboratories will provide partnering countries with support for projects like infrastructure modernization and implementing workforce development programs.
The project will be executed across agencies, with collaboration between the Department of State, Agency for International Development, the Trade and Development Agency and the Development Finance Corporation. The DOE has identified specific benchmarks for participating countries involved in the program:
- By 2022: Prepare or strengthen net zero energy technical, market, and investment plans and execute on near-term opportunities.
- By 2023: Implement key policies and programs for countries to achieve net zero transitions.
- By 2024: Mobilize at least $10 billion in clean energy infrastructure and project investment.
- By 2025: Create new clean energy jobs, of which at least 50% are held by women and 40% benefit disadvantaged communities.
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