RETA launch at the COP26.
The International Energy Agency (IEA), International Renewable Energy Agency (IRENA), Ofgem and World Bank launched at the COP26 a global initiative “Regulatory Energy Transition Accelerator” to accelerate the energy transition to provide clean, secure, and affordable supplies to everyone. Energy regulators have a key role to play in turning ambition into real-world action in hitting global climate goals. The Regulatory Accelerator enables them to collaborate to seize opportunities and solve problems to speed up the global energy transition at the lowest cost.
In particular, it can help countries with less developed energy systems to leapfrog the carbon-intensive paths other countries have previously taken.
The joint statement launched at COP26 can be found here.