CoAct Database

Utilities for Net Zero Alliance

The Utilities for Net Zero Alliance (UNEZA) was established at COP28 with the adoption of the UAE Declaration of Action. This Alliance unites leading global utilities and power companies with the aim of spearheading the development of grids that are ready for renewable energy, promoting clean energy solutions, and advancing electrification efforts. UNEZA operates under the guidance of the International Renewable Energy Agency (IRENA) and the UN Climate Change High-Level Champions, ensuring a focused and strategic approach to achieving a sustainable energy future.

UNEZA’s Members and Partners recognize that the key to unlocking the utility sector’s global energy transition potential lies in the ability to deliberately target existing structural, regulatory, and financial impediments and challenges that may stand in the way of progress.

Members and Partners work proactively to address the barriers through global cooperation, knowledge development and public-private consultations facilitated by IRENA, and the UN Climate Change High-Level Champions and other Ecosystem Partners.

Activity period	2024–present
Last CoAct update	2025
Web URL	https://www.utilitiesfornetzero.org/
Output effectiveness	0.83
Accountability Index	0.67
Inclusiveness Index	0.41
Num. actors	56
Functions	Knowledge dissemination, Technical implementation, Institutional capacity building, Standards and norms, Lobbying, Participatory management
SDGs
Themes	energy, industry
Policy focus	Mainly mitigation
Sectors	Electricity, gas, steam and air conditioning supply
Implementation countries	Argentina, Belgium, Brazil, Chile, Denmark, France, Germany, Ghana, India, Italy, Kzakhstan, Kenya, Malaysia, Portugal, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, United Arab Emirates (the), United Kingdom of Great Britain and Nothern Ireland (the), United States of America (the)

Target	Target type
Net Zero by 2050	Net zero target
doubling energy efficiency by 2030	Energy efficiency target
4%/yr Energy efficiency improvement target, from 2%/yr in 2023	Energy efficiency target
tripling renewable power	Renewable energy target
11.2 TW Global renewable power capacity target by 2030, from 3.9 TW in 2023 & 1,044 GW/yr Renewable power additions required (2024–2030), at a 16.4% Compound Annual Growth Rate (CAGR)	Renewable energy target
68% Renewables in electricity generation, from 28% today∞ 35% Renewables in primary energy supply, from 14% in 2022.	Renewable energy target
$31.5 trillion Investment needed in renewables, grids, flexibility, efficiency, and conservation by 2030 and $1.5 trillion/yr Investment needed in renewables (2024–2030), from $570 billion/yr in 2023	Funding target
80 million km Transmission lines to be added or refurbished by 2040 and 1,500 GW Energy storage capacity needed by 2030, a sixfold increase	Other target