According to the document, in addition to sharing information and exchanging experiences, CCREEE and KEA will cooperate through joint actions on renewable energy, efficiency, management and other areas that support energy transmission.
For Gary Jackson, executive director of the CCREEE, energy security is a challenge that innovative technologies must contribute to, changing the way energy is obtained, converted, delivered and consumed.
“Performance improvements and price reductions in technologies, as well as advances in digitization, enhance our capabilities to make energy security achievable”, Jackson said.
The initiative is expected to include feasibility studies and pilot projects in emerging areas such as offshore renewable energy, power grid modernization, smart energy distribution systems and electric vehicles.
While the region seeks to undertake programs, projects and activities that deliver global carbon reduction benefits, the focus is to ensure that actions simultaneously meet long-term climate resilience and economic objectives.
In Jackson’s view, the alliance will allow lessons to be learned and insights that facilitate theoretical global ambitions to achieve net zero carbon emissions by 2050.