The International Renewable Energy Agency (Irena), co-founding partner Siemens Energy and 13 companies across all industry sectors have launched the global Alliance for Industry Decarbonisation (Alliance).

The Alliance was created to achieve country-specific net-zero goals faster, encourage action for decarbonizing industrial value chains, and enhance understanding and adoption of renewables-based solutions by industry. It will also strengthen dialogue and coordinate action by public and private sector industrial stakeholders, said a press statement from Irena.

Members of the Alliance are co-founding partner Siemens Energy, Enel Green Power, Taqa Arabia, Eni, Technip Energies, EDF Renewables, JSW, Tata Steel, Sable Chemicals, Tatanga Energy, Roland Berger, Repsol, Equinor and Taqa.

Membership is open to public and private firms, energy-intensive sectors aiming to decarbonise their value chains.

The first Alliance meeting is planned to take place at COP27 in Sharm El Sheikh, Egypt.

“Accounting for more than a quarter of global emissions, the industrial sector is the second largest emitter and requires rapid decarbonisation. In this endeavor, partnerships are crucial,” said Karim Amin, Member of the Executive Board of Siemens Energy.

Francesco La Camera, Director-General of Irena said. “This Alliance stands for the growing commitment of global industry to act on decarbonisation and unlock opportunities that come with a green industrialisation through renewables and other transition-related technologies like green hydrogen. By standing together we send a clear signal of solidarity ahead of COP27 and we invite new partners to join our common vision.”