Annual Report is out now
Annual Report unveils Progress and Potential of Bilateral Energy Partnerships
The annual report on climate and energy partnerships, dialogues and hydrogen partnerships was published today, highlighting progress towards global climate goals and the potential for further cooperation in the energy sector. Compiled by the German Federal Ministry for Economic Affairs and Climate Ation (BMWK), the report provides a comprehensive overview of the activities and impacts of Germany's bilateral energy cooperation, as well as the challenges that remain in the energy transition.
Climate and Energy Partnerships deliver Tangible Benefits
As a result, the Annual Report 2023 highlights the key role that bilateral climate and energy partnerships play in meeting the world's energy needs while advancing global climate goals. It showcases a wide range of initiatives, from renewable energy projects to infrastructure development and technology transfer. In particular, the report highlights the tangible benefits of these partnerships, including enhanced energy security, economic growth and environmental sustainability.
The report highlights how significant impact and these benefits can still be achieved despite persistent challenges such as policy and regulatory barriers, financing constraints and geopolitical complexities that often impede the seamless flow of energy investment and cooperation.
Key findings from the report show significant progress in renewable energy deployment, with solar and wind emerging as key drivers of the clean energy transition in many partner countries. The report not only testifies to the expansion of solar and wind as renewable energies, but also to the promotion of green hydrogen, its production and use in partner countries.
Promoting Green Hydrogen: Opportunities and Challenges
Green hydrogen produced from renewable energy sources has immense potential as a clean and versatile energy carrier, offering opportunities to decarbonise various sectors such as transport, industry and power generation. The climate and energy partnerships have facilitated important cooperation in this area and supported the adoption of hydrogen policies in several countries. This emerging collaboration underscores a shared commitment to harness the transformative power of green hydrogen to achieve carbon neutrality goals and drive sustainable economic growth.
The report also highlights the key role of technology exchange and knowledge sharing initiatives in fostering innovation and capacity building. By leveraging each other's expertise and resources, partner countries have made significant progress in adopting best practices and implementing cutting-edge technologies across the energy value chain.
Download and learn more about the positive impact of climate and energy partnerships, dialogues and hydrogen partnerships.