The Green Grids Initiative (GGI) aims to accelerate the construction of the new infrastructure needed for a world powered by renewable energy. That infrastructure includes massively expanded renewable energy generation capacity in energy-rich locations, connected by continental grids. It includes smart grids connecting millions of solar panels and charging points for electric vehicles, and micro-grids for rural communities and to ensure resilience during extreme weather. The GGI is underpinned by a global Ecosystem of working groups and partners.
Grids present an urgent challenge and opportunity. At least 3000 gigawatts of renewables projects are waiting in grid connection queues globally – equivalent to five times the amount of solar and wind power added in 2022. Global grid investment must increase from $320 billion today to over $1 trillion around 2035 onwards, whilst 80 million kilometres of lines need to be added or replaced by 2030 – as much as the total length of the global grid today.
Launch at COP26
In 2021, the GGI was launched in partnership with India's One Sun One World One Grid (OSOWOG) during the COP26 World Leaders' Summit.Prime Ministers Johnson and Modi jointly adopted the One Sun Declarationwhich was endorsed by 92 countries. This represented a flagship area for climate collaboration and established the partnership between the the two initiatives totackle arguably the greatest global challenge to clean powered future: how to build and operate electricity grids capable of absorbing ever greater shares of variable renewable while meeting growing power demands sustainably, securely, reliably, and affordably.
The GGI acts as a conduit for investment and assistance by bringing together an organised Ecosystem of global political, technical, and financial resources to support flagship grids projects. OSOWOG represents a global vision to connect energy systems and transfer renewable energy across countries and continents, which is underpinned by a number of Indian interconnector projects.
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FAQs
GGI aims in facilitating the outreach of various social welfare schemes to the grassroots level through the concept of Constituency Development through UNSDGs.
What does GGI do? ›
GGI aims in facilitating the outreach of various social welfare schemes to the grassroots level through the concept of Constituency Development through UNSDGs.
What is GGI impact fellowship? ›
GGI prepares Impact Fellows to be future leaders by honing skills that enable them to connect the dots across various areas, including policy consulting, management consulting and sustainability, product management and tech ethics, impact investing, liberal arts, and core business perspectives, through GGI's ...
What is the Global Institute of Strategic Governance? ›
The Global Governance Institute (GGI) is an independent, non-profit think tank based in Brussels. Since 2010 GGI brings together policy-makers, scholars and practitioners from the world's leading institutions in order to devise, strengthen and improve forward-looking approaches to global governance.
What is the full form of GGI in economics? ›
Good Governance Index (GGI) is a comprehensive and implementable framework to assess the State of Governance across the States and UTs which enables ranking of States/Districts.
Why do you want to join GGI? ›
As a GGI MBA Scholar , You will Immerse Yourself in a Truly Transformative Experience. As leaders looking to pivot into the world of Management Consulting, Investing, and Product Management, you should be adept at navigating various cultures, economies, sectors, and industries.
What is the main purpose of global governance? ›
The objective is to address global challenges that transcend national borders and require collective solutions. The concept of global governance is constantly evolving, as new challenges emerge and new actors become involved in the global system.
What are the institutions of global governance? ›
Global governance refers to institutions that coordinate the behavior of transnational actors, facilitate cooperation, resolve disputes, and alleviate collective action problems. Global governance broadly entails making, monitoring, and enforcing rules.
What is global governance course? ›
About the course. This nine-month master's degree investigates a broad range of policy issues related to the institutions and processes of global governance and diplomacy – at international, transnational, state, and domestic levels.
What is the Good governance Institute in India? ›
The Institute
The National Centre for Good Governance (NCGG) was set up in 2014 by the Government of India as an apex–level autonomous institution under the Ministry of Personnel, Public Grievances and Pensions.
The IS-LM model, which stands for “investment-saving” (IS) and “liquidity preference-money supply” (LM), is a Keynesian macroeconomic model that shows how the market for economic goods interacts with the loanable funds market, or money market.
What is the full meaning of GR in economics? ›
The abbreviation 'gr' stands for growth rates with respect to last year's corresponding quarter. Source publication.
What is the full form of economics? ›
Economics doesn't have a "full form" as it is not an acronym. The term "economics" refers to the social science that studies how individuals, households, firms, and governments make choices on allocating scarce resources to satisfy their unlimited wants and needs.
What is GGI YLP? ›
WHAT IS GGI IMPACT LAB, YOUNG LEADERS, POLICY, CONSULTING & PM INTERNSHIP PROGRAM. The Impact Lab YLP is a one-of-a-kind technology-driven essential program at GGI that has redefined the business school experience.
What is governance in South Korea? ›
The president is elected directly by the people, and is the only elected member of the national executive. The president serves for one five-year term; additional terms are not permitted. The president is head of state, head of government and commander-in-chief of the South Korean armed forces.
