PROGRESS 2023-2024

SUMMARY OF COP 29

CONFERENCE OF THE PARTIES, BAKU, AZEIBAIJAN

Signatories to commit to a collective goal of deploying 1,500 GW of energy storage globally by 2030.

Signatories commit to scale up renewable, zero-emission and low-carbon hydrogen production, and to accelerate the decarbonisation of existing hydrogen production from unabated fossil fuels.

The International Hydropower Association (IHA) launched an alliance of 14 governments to advance the deployment of pumped storage hydropower.

Climate Action Tracker Report showed that current policies set the world on a path toward 2.7°C of warming.

Triple finance to developing countries, from the previous goal of USD 100 billion annually, to USD 300 billion annually by 2035.

PROPOSED NEW INITIATIVES

• Fund Investment Platforms, Target IRR equity 15%-20%
• Direct Investment Platform, Target IRR equity 15%-20%

Propose the two platforms be applied to each of the following below:

Global Green Electricity Generation

• 24/7 Greenfield Renewable Energy Electricity Generation
• Greenfield Wind, Solar, Hydro, Pump Hydro, Bioenergy, Pump Hydro
• 10 MW – 1000 MW singular project or hybrid project
• Target IRR equity: 15%-20%

Global Green Heating Production

• 24/7 Green Steam and Hot Water Production
• Green Solar, Hydrogen and Bioenergy Resources
• 10 Tons per Hour – 1,000 Tons per Hour
• Target IRR equity: 15%-20%

Global Green Transmission

•    24/7 Greenfield Green Transmission Train
•    Alternating Current / High Voltage Direct Current, Bi-Polar
•    10 MW – 500 MW (AC); 5,000 MW (HVDC) Transmission Capacity
•    Transmission Line: 100 km – 500 MW (AC), HVDC up to 1,500 km
•    Target IRR equity: 15%-20%

Global Green Hydrogen

• 24/7 Greenfield Green Hydrogen Production, Transmission or Transport
• Green Electricity for PEM Electrolysers
• Target Subsidy from Host Country Government: Up to USD 5 per kg
• Target IRR equity: 15%-20%

Global Green Cement

• 24/7 Greenfield Cement Production
• 24/7 Bioenergy and Green Hydrogen Resources
• 100,000 – 5 million Tons per Year
• Target IRR equity: 15%-20%

Global Green Agriculture

• Green Hydrogen, Ammonia, Urea and Di-Ammonium Phosphate
• 24/7 Green Electricity, Green Hydrogen Resources; Haber Process
• 100,000 – 1 million Tons per Year
• Target IRR equity: 15%-20%

Global Pump Hydro Storage

• 24/7 Green Electricity Production; Daily Cycling Pumping/Generation
• 50 MW – 1000 MW – 2000 MW installed capacity
• Target Green Electricity Cost: USD 30 per MWh
• Target IRR equity: 15%-20%

Global Green Aviation and Marine Bio-Fuel and Electro-Fuel

• Aluminium, Platinum, Polysilicon, Steel, Tin, 
• 24/7 Green A1 Jet Fuel, Bio-Methanol, Electro-Methanol Production
• 100,000 – 1 million Tons per Year of each fuel type
• Target IRR equity: 15%-20%

Global Green Hotels Construction

• Equatorial, Tropical and Temperate Regions
• 24/7 Green Electricity, Green Hydrogen for Kitchen and Central Heating
• 300 – 1,000 guestrooms capacity
• Target IRR equity: 15%-20%

Global Green Industrial Park Construction (Green Power and Heat)

• Cement, Chemicals, Food & Beverage, Glass, Metals, Petrochemicals, Paper,
• Pharma, Small-Medium Scale Manufacturing, Steel, Water/Wastewater TP   
• 24/7 Greenfield Green Electricity, Green Hydrogen Production
• 50 MW – 1000 MW installed capacity renewable energy hybrids
• Up to 40,000 Tons per Year of Green Hydrogen production
• Target IRR equity: 15%-20%

Non-Fund Initiatives

Direct Investment Platform

Single or Double Auction Platforms, planned for 2025

• Sellers (Investors)
• Buyers (Off-Takers)
• Green Electricity Generation
• Green Heating Production
• Green Transmission
• Green Hydrogen Production
• Green Data Centre
• Green Metals and Minerals
• Green Agriculture
• Green Pump Hydro Storage
• Green Aviation and Marine Fuel
• Green Hotels Construction
• Green Industrial Parks