Baringa Partners announces pro-bono support for the Rapid Response Facility launched by the Energy Transition Council of the 2021 UN Climate Change Conference (COP26).
About the ETC RRF initiative
As part of the UK Presidency of COP26, The Rt Hon Alok Sharma MP, COP26 President-Designate and co-chair of the Energy Transition Council (ETC), officially launched a Rapid Relief Facility which will provide a broad range of assistance to developing countries such as strategic planning, capacity building and technical expertise to streamline decision-making and accelerate energy transitions in advance of COP26.
This is an international initiative, backed by donor governments, international institutions and philanthropy to a combined total of £10m for 2021-2022, including £2.7m of funding from the UK Government.
The Energy Transition Council focuses on energy transitions for developing countries, aiming to shift electricity generation away from coal and to accelerate the deployment of clean power solutions, including more flexible green grids, storage and grid/demand-side efficiency.
Baringa’s involvement in the RRF
Baringa will provide consulting support to work together with individual developing countries together to find solutions more quickly to the technical, economic and social aspects of the transition to low cost, low carbon, inclusive and resilient power systems.
Areas of support which Baringa will provide assistance on include:
- Making clean power technologies the preferred option for countries investing in new power generation, with the aim of doubling the rate of investment in clean power by 2030.
- Developing policy and regulatory frameworks to attract the private sector to help deliver and finance these investment needs.
- Supporting people and communities heavily reliant on the coal economy to make a secure and just transition to clean power and other economic opportunities, ensuring that no one is left behind.
- Enabling the delivery of SDG7, harnessing centralised and decentralised clean energy solutions to achieve universal access to sustainable, affordable, modern energy by 2030, increase energy efficiency, and maximise the wider development benefits of the energy transition.
David Hatcher, Global Energy & Resources Lead, Baringa Partners, said: “Climate change is a global issue that affects all of society. Baringa has actively been helping our clients mitigate climate risk as part of the energy transition. While the energy transition presents a huge challenge, a just transition also offers opportunities for jobs and growth, cleaner air, and improved public health while helping support people and communities heavily reliant on the coal economy to make the transition to clean power, ensuring that no one is left behind.
Baringa is delighted to contribute fast-acting support to the ETC RFF initiative, bringing 20 years of energy transition experience and our market leading climate analytical capabilities to assist the ETC in delivering this ambitious initiative".
For more information on the initiative, click here
About Baringa Partners
Baringa Partners is an independent business and technology consultancy. We help businesses run more effectively, navigate industry shifts and reach new markets. We use our industry insights, ideas and pragmatism to help each client improve their business. Collaboration is central to our strategy and culture ensuring we attract the brightest and the best. And it's why clients love working with us.
Baringa launched in 2000 and now has over 700 members of staff and more than 65 partners across our practice areas Energy and Resources, Financial Services, Products and Services, and Government and Public Sector. These practices are supported by cross-sector teams focused on Customer & Digital; Finance, Risk & Compliance; People Excellence; Supply Chain & Procurement; Data, Analytics & AI; Intelligent Automation & Operations Excellence; and Technology Transformation. We operate globally and have offices in the UK, Europe, Australia, US and Asia.
Baringa Partners have been voted as the leading management consulting firm in the Financial Times' UK Leading Management Consultants 2021 in the categories Energy, Utilities & the Environment, and Oil & Gas. We have been in the Top 10 for the last 13 years in the small, medium, as well as large category in the UK Best Workplaces™ list by Great Place to Work®. We are a Top 50 for Women employer, and are recognised by Best Employers for Race.
Baringa. Brighter Together.