On the 13th and 14th of February 2024, the International Energy Agency (IEA)´s first Energy Innovation Forum was celebrated in Paris, France, kicking off the IEA´s 2024 Ministerial Meeting. Hydrogen TCP Chair, Paul Lucchese, attended this meeting, which marked the 50th Anniversary of the IEA.

The Energy Innovation Forum gathered 250 entrepreneurs, business leaders, investors and policy makers from 45 countries. Across a series of plenary sessions and breakout workshops, delegates highlighted priority areas in the innovation ecosystem that policy should address, included work on standards and bank guarantees, and the importance of fostering a social license for new technologies. Among the technology priorities raised by ministers and corporate leaders were large-scale industrial processes, mass-produced products and software, including artificial intelligence for energy networks and batteries with lower critical mineral demands. The importance of clean energy innovation for emerging and developing economies was also highlighted.

Delegates also highlighted that governments can create enabling environments that can establish new markets, encourage healthy competition, decrease investment risks and spur incremental innovation, playing an important role in funding foundational R&D and education by providing dedicated support for pilot projects and facilitating cooperation between researchers and industry.

The 2024 Ministerial Meeting aimed to prepare the Agency to address the energy-related challenges we face from a triple planetary crisis: climate change, pollution, and biodiversity loss.
The IEA, a leader in the fight to accelerate clean energy transitions, welcomes the outcomes of COP28 towards achieving global net zero emissions by 2050 and reaffirms its commitment to contribute to tripling renewable energy capacity globally by 2030 by supporting energy RD&D projects through its Technology Collaboration Programmes, accelerating clean energy transition in line with the 1.5 degrees celcius targets, promoting clean energy markets and investment, strenghtening collaboration, and supporting governments in advancing energy transitions by providing policy recommendations in priority intervention areas whilst ensuring global energy security.

The IEA, driven by its members, will continue to be at the heart of global dialogue on energy, providing authoritative analysis, data, policy recommendations, and real-world solutions to help countries, within and outside of the IEA membership, in the global effort to maintain energy security and accelerate clean energy transition to attain net zero greenhouse gas emissions by 2050.