Compacts Continue to Grow
The momentum for Energy Compacts continues to grow, as vehicles for spurring transformational change and partnerships at the practical level. A number of new Compacts were submitted prior to the Glasgow Climate COP26, bringing the total submitted to 200, of which 157 have passed the review stage. Several Compacts, including the 24/7 Carbon Free Energy Compact and the Gender and Energy Compact, gathered many additional members before and at the Climate COP. Advancing the No New Coal Power Energy Compact, the Powering Past Coal Alliance welcomed 28 new members , including 7 countries, which means that now nearly two-thirds of OECD and EU governments are members and on the way to phasing out coal by 2030.
See How the Compacts Add Up
See a quick visual data overview that shows the scope and impact of the Energy Compacts thus far. Charts show the breakdown of stakeholders and regions that have submitted Compacts, and the potential impact of their commitments, such as the hundreds of millions of people who would gain access to electricity and clean cooking, and the growth in installed renewables capacity and energy efficiency. There are also detailed charts showing the hundreds of billions of dollars in funding and investment committed by governments, businesses and civil society organizations.
Network Launched in 2022
The Energy Compact Action Network launched on 4 May, supported by UN-Energy, brings together governments, businesses and other civil society partners who have made voluntary commitments to over 200 Energy Compacts, in order to direct investment, know-how and resources to help achieve the commitments made in connection with the High-level Dialogue on Energy . At the launch, four coalitions of Energy Compacts were showcased to demonstrate how countries, cities, businesses, youth and other partners can join forces through the Action Network, to help governments fulfil their commitments to clean energy for all.