IOEN: Turning COP26 Policy into Action

This is the first of two parts on COP26. In the second article, we will look at some of the items on the agenda, and how IOEN specifically targets those items.

At this writing, world leaders have descended on Glasgow, Scotland for the 26th Conference of the Parties (‘COP’) to the United Nations Framework Convention on Climate Change (‘UNFCCC’), the peak body for the world’s climate change commitments.

At COP21 in 2015, countries finally reached the binding and universal Paris Agreement to guide and accelerate international cooperation on climate change. 195 countries agreed to limit global warming to well below 2°C and to pursue efforts to limit warming to 1.5 ̊C. The science says that global emissions MUST plummet this decade, so COP26 is primarily concerned with countries ramping up their commitments to reduce emissions by 2030.

All societies revolve around energy. The developed world takes energy for granted, except in the rare but increasing strains and outages on a nation’s electricity grid. Developing nations feel energy much more keenly. Solving reliable energy makes a huge difference, from lighting at night for studies, to desalination plants for irrigation and potable drinking water.

Burning materials to power the world means the byproducts must go somewhere, and that ‘somewhere’ has been the atmosphere. The language at COP26 has changed from ‘maybes’ to ‘must’; Sir David Attenborough at the age of 95 has issued a rallying cry that “we are already in trouble”.

The stated goals of COP26 recognise the urgency of keeping a 1.5 degree rise in global temperatures in check; of protection of natural habitat; in developed countries making good on their promise to mobilise at least $100bn in climate finance per year; and putting the 2015 Paris Agreement Rulebook in operation.

IOEN Can Help

IOEN represents the new energy economy, a world where unlocking funds for renewable energy projects must be swift and fair; where energy flows and improved efficiencies are accountable and held to account; and where the model shifts from large centralised sources to many local communities in the form of microgrids.

IOEN connects all of this together with its unique two layered architecture; worldwide funding to local projects. The existing financial and energy infrastructure cannot move as quickly as the COP26 goals required.

In our next article on this subject, we will delve more deeply into how the financial aspect can be mitigated through IOEN, and how bottlenecks caused by centralisation are removed.

Act Local, Think Global

IOEN is the next generation of digital energy management and optimisation technology. IOEN tech enables an interconnected system of virtual microgrids that facilitate transactions within and between local energy ecosystems: from the appliance level to energy generation, storage, and consumption.

We are the backbone of the new tokenised energy ecosystem, building out the global clean energy ecosystem wherever you are, device by device.

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