Global Alliance For Industry Decarbonization (GAID):
IRENA along with major companies have launched GAID with the aim to accelerate net-zero ambitions and decarbonization of the industrial value chains.
- The term decarbonization literally means the reduction of carbon.
- It will Allow dialogue and coordinated action
- 1st meeting will be held at COP27 in Sharm El Sheikh, Egypt (Nov 2022)
- The International Renewable Energy Agency is an intergovernmental organization mandated to facilitate cooperation, advance knowledge, and promote the adoption and sustainable use of renewable energy.
- India is the 77th Founding Member of IRENA.
- IRENA also coordinates Small Island Developing States (SIDS) Lighthouse Initiative for supporting the energy transition efforts of Small Island countries.