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Global Alliance For Industry Decarbonization (GAID)

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)

About IRENA:

  • 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.