Rollo Maschietto
Public Affairs Manager, REA
At COP29, global leaders and industry experts explore how AI, finance and innovation can drive renewables expansion to meet the 2030 goal of tripling capacity.
This time last year, at COP28 in Dubai, world leaders agreed on an ambitious target to triple global renewable energy capacity by 2030. To keep the momentum going, the REA (the Association for Renewable Energy and Clean Technology) joined leading industry and decision-makers in a pivotal event at COP29 in Baku, entitled ‘New Solutions to Achieve the 2030 Goal of Tripling Global Renewable Energy Capacity: The Role of Finance, Technology, Innovation and AI.’
Renewables solutions panel discussion
With experts from KPMG, SSE, AON Insurance and the UN Development Programme, among others, the event offered insightful discussions on how finance, innovation and AI can tackle the substantial challenges to the 2030 target. The panel examined potential solutions, including using AI to accelerate renewable developments, innovative financial models and the critical role of grid investments.
REA’s CEO, Trevor Hutchings, represented the UK’s renewable energy industry and shared an industry perspective on overcoming these challenges. With a commitment to driving clean energy transitions, Hutchings outlined how industry-led initiatives and policy support can help pave the way for renewable expansion. He touched on the essential collaboration between governments, businesses and communities to enable this transition.
Industry-led initiatives and
policy support can help pave
the way for renewable expansion.
Leading UK renewables advocacy
The REA is the UK’s largest trade association for renewable energy and the only one hosting a pavilion in the Blue Zone at COP29. From solar and wind to bioenergy and EV infrastructure, the association advocates for an integrated, future-ready energy system. By fostering innovation, supporting critical policy advancements and promoting sustainable business practices, it is helping to shape a low-carbon economy.
Driving climate change solutions
Through its influence in the UK Parliament and collaborations with global leaders, the REA is driving forward practical solutions to climate change, ensuring that renewables are central to the conversation on sustainable growth. As the world watches COP29, the association remains committed to being a voice for the UK’s renewable sector, demonstrating that with the right support, the 2030 target is not just achievable – it’s essential.
