TUESDAY 12 NOVEMBER 2024 – 16:30-17:45 (GMT+4)
GLOBAL RENEWABLES HUB, AREA E, C9-11 (BLUE ZONE) – COP29, BAKU, AZ
HIGH-LEVEL STATEMENTS AND MINISTERIAL PANEL
The Mediterranean region stands at a critical crossroads in the global energy transition, linking the world’s largest market economy – the EU – to Africa’s rapidly growing population. Following COP28’s landmark agreement for 11TW of global renewable energy capacity by 2030, the TeraMed initiative emerges as a bold regional response, targeting 1TW of renewable energy capacity in the Mediterranean by 2030. This ambitious goal represents not just an energy target, but a pathway to enhanced energy security, economic resilience, and sustainable development across both shores of the Mediterranean.
With an estimated investment potential of $700 billion and the capacity to create 3 million new jobs in the solar and wind industries alone, TeraMed exemplifies how renewable energy can bridge the North-South divide while addressing pressing climate challenges. This high-level event brings together key institutional partners – IRENA, GRA, UfM, and the League of Arab States – alongside government ministers and non-state actors to strengthen governmental backing and showcase concrete pathways toward achieving this transformative goal.
Programme for the Mediterranean Momentum
16:30-16:45 OPENING SEGMENT
Rebecca Collyer, welcome and inviting the keynotes speakers on the floor
- Key note address
- Francesco La Camera, Director-General, IRENA: Emphasize the Mediterranean’s role in global renewable energy efforts, underscoring its potential to impact both the EU, Africa and the Middle East.
- Bruce Douglas, CEO, Global Renewables Alliance: Discuss the vision for a unified and integrated renewable energy market in the Mediterranean.
- HE.Grammenos Mastrojeni, Deputy Secretary General Union for the Mediterranean (UfM): Emphasize regional integration and cooperation.
- HE. Orkhan Zeynalov, Deputy Minister of Energy, Republic of Azerbaijan, COP29 Presidency: Emphasize COP29’s commitment to advancing COP28 green energy pledges through TeraMed, and harmonized policies to strengthen regional energy cooperation and position the Mediterranean as a model for sustainable growth.
Introduction to TeraMed initiative
Jauad El Kharraz, Co-Chair, Mediterranean Clean Energy Network; Senior Associate, ECCO – the Italian climate change think tank: briefly setting the strategic objectives of the TeraMed initiative. Emphasize the urgency of renewable energy goals and the importance of Mediterranean cooperation.
UN Climate Change High-Level Champion for COP29
Focus: Link TeraMed’s 1TW goal to the Marrakech Partnership for Global Climate Action, showcasing the Mediterranean as a regional leader in scaling up renewable energy, which aligns with Marrakech’s pillars: resilience, energy access, and emissions reduction.
16:50-17:20 MINISTERIAL PANEL DISCUSSION – “Implementation Pathways for Mediterranean Energy Transition”
Moderated by Rebecca Collyer, Executive Director RENEW 2030 – European Climate Foundation and Pooled fund on International Energy
Ministerial intervention
- What policies and concrete projects are in place or planned in your country to accelerate renewable energy targets? And what are the main barriers to scaling up renewable energy capacity in your country?
- How can regional cooperation help overcome these barriers, and how is your
country leveraging projected investments to reach TeraMed’s ambitious target?
- H.E. Ahmed Mohina, First Undersecretary, Ministry of Electricity and Renewable Energy, Arab Republic of Egypt
17:20-17:23 CALL FOR ACTION PRESENTATION
The MEDCEN “Call for Action,” outlining their commitments to achieving TeraMed’s goals and urging investment and multilateral collaboration.
17:23-17:40 COUNTRY STATEMENT
- Víctor Marcos Morell, Director-General Planning and Energy, Spain
17:40-17:45 CLOSING SEGMENT
Giulia Giordano, Co-Chair, Mediterranean Clean Energy Network – Director Global and Mediterranean Strategy, ECCO think tank
To stay updated on ECCO’s work at COP29, visit our dedicated webpage and subscribe to Buongiorno COP, our daily newsletter (in Italian), live from Baku.
