Date: 18 November, 2024

Time: 10:15-11:15am

Venue: UNFCCC Capacity Building Hub, Blue Zone, Baku Stadium, Azerbaijan

 The event, hosted by the Global Energy Interconnection Development and Cooperation Organisation(GEIDCO) will facilitate capacity building on new power systems for accelerating the global energy transition and advancing climate action.

Specifically, the discussion will focus on following topics: 

 Mechanisms and Standards 

The integration of renewable energy sources such as solar, wind, and hydroelectric power into the existing power system requires the development and implementation of robust mechanisms and standards. These mechanisms should address grid stability, energy storage, and the efficient management of distributed energy resources. Standardization of emission, grid codes, interconnection requirements, and performance standards for renewable energy technologies are essential to ensure the seamless integration of these resources into the power system. 

 Collaboration 

Collaboration among governments, regulatory bodies, industry stakeholders, and research institutions is vital for fostering an environment conducive to the global energy transition. Knowledge sharing, policy alignment, and joint research initiatives can facilitate the development of best practices and innovative solutions for addressing the challenges associated with the integration of new power systems. International cooperation and partnerships can also play a crucial role in leveraging expertise and resources to accelerate the deployment of clean energy technologies worldwide. 

 Tools 

The development of advanced tools and technologies is essential for optimizing the operation and management of new power systems. Data analytics, predictive modelling, and advanced control systems can enhance the efficiency and reliability of renewable energy integration, grid modernization, and demand-side management. Furthermore, digital platforms and decision support tools can provide valuable insights for policymakers and industry stakeholders to make informed decisions regarding investment, planning, and operation of new power systems. 

 Best Practices and Case Studies 

Sharing successful case studies and best practices from different regions can provide valuable insights into the effective deployment of new power systems. Case studies highlighting innovative business models, regulatory frameworks, and technological solutions can serve as valuable learning experiences for other regions seeking to embark on their energy transition journey. By showcasing real-world examples of successful implementation, stakeholders can gain confidence in adopting similar approaches in their respective contexts. 

The global energy transition presents a unique opportunity to reshape the power system towards a more sustainable and resilient future. Building capacity on the new power system requires a concerted effort to develop mechanisms, standards, collaboration frameworks, tools, and knowledge sharing platforms. By leveraging the collective expertise and experiences of stakeholders worldwide, we can accelerate the adoption of clean energy technologies and drive the global energy transition towards a low-carbon future.  

This event underscores the importance of capacity building on the new power system as a global climate action and emphasizes the need for collaborative efforts to address the challenges and opportunities associated with this transformation.

Speakers:

• Dr. Yang, Fang, Deputy Director, Economic and Technical Research Institute, GEIDCO 

• Mr. Eddie Rich, CEO, International Hydropower Association

• Ms. Julia Souder, CEO, Long Duration Energy Storage Council

• Ms. Arvea Marieni, Arvea Marieni, European Climate Pact Ambassador and Director of Ecological     Transitions Solutions and International Affairs, BEAM CUBE SAS 

• Mr. Abdallah Al Shamali, Policy Director, Global Solar Council (TBC)