COP29 to Call for Sixfold Increase in Global Energy Storage
- Host country Azerbaijan wants countries to sign new pledge
- Commitment aims to reach 1,500 gigawatts of capacity by 2030
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The hosts of this year’s global climate talks will ask over 190 countries to back a Group of Seven target to increase global energy-storage capacity more than sixfold by 2030.
The draft proposal seen by Bloomberg, called the Global Green Energy Storage Pledge, will be presented at the COP29 summit in Baku, Azerbaijan, in November. It echoes the G-7 agreement signed in April, which aims to reach 1,500 gigawatts of energy-storage capacity by the end of the decade from 230 gigawatts in 2022.