IEA at COP27: Translating targets into action through regulatory innovation
Egypt Time, GMT +2: 10:00 AM-12:00 PM
Around the world, regulators have an essential role to play in clean energy transitions, translating policy targets and objectives into concrete action by encouraging investment in new clean technologies and shifting the management paradigm for increasingly decentralised, decarbonised power systems. Bringing together international policy makers and negotiators, COP 27 provides a pivotal opportunity to galvanise action ensuring the early involvement of regulators in policy making, both to build up expertise and to understand the key challenges for regulators regarding their evolving role as enablers of the energy transition.
Launched at COP 26, the Regulatory Energy Transition Accelerator (RETA) is a global initiative bringing together more than 20 energy regulators to discuss the challenges they face and to share best practices. They are joined by the International Energy Agency (IEA), the International Renewable Energy Agency (IRENA), the World Bank and the UK’s Office of Gas and Electricity Markets (Ofgem). Within the context of the first anniversary of the Accelerator, this event will provide an opportunity to check in on the progress as we strive to meet the goals of the Paris agreement, as well as offering the broader climate community a view of the close interlinkages between policy and regulation to translate targets into action.