Call for a Sixfold Increase in Global Energy Storage at COP29

At the upcoming COP29 conference, participants are expected to emphasize the necessity of a sixfold increase in global energy storage capacity by 2030. This initiative is part of global efforts to combat climate change and transition to more sustainable energy sources. Experts note that with the rising share of renewable energy, particularly solar and wind, reliable energy storage technologies are becoming critically important for stabilizing energy systems.

According to data presented at the conference, significant investments in energy storage technologies are needed to achieve this ambitious goal. The increasing dependence on green energy sources creates a demand for effective ways to store electricity, ensuring stable and reliable power supply during periods of low generation.

Key market players, including governments and private companies, will be urged to actively participate in this process to develop and implement innovative solutions. Participants at COP29 believe that without a new approach to energy storage, it will be challenging to achieve global targets for reducing carbon emissions and slowing down global warming.

Funding and research into new energy storage technologies will be crucial. It is expected that the conference will discuss not only ideas on how to scale up storage but also opportunities for cooperation between countries and the private sector in this area. Participants hope such cooperation will significantly enhance efficiency and reduce the costs of storage technologies.

Given global economic challenges, including inflation and supply chain disruptions, the realization of this initiative will require coordinated action and a unified strategy among all stakeholders. COP29 will serve as a foundation for shaping the international agenda on energy storage and its key role in transitioning to clean energy.

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