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Green Energy Investments Surpass Political Rhetoric, Says OECD Official

Antalya:Investments in renewable energy and electrification are advancing more rapidly than political commitments to climate action, according to Organisation for Economic Co-operation and Development (OECD) Environment Director Jaime de Bourbon de Parme.

According to Anadolu Agency – English, de Bourbon de Parme, speaking at the UN climate conference COP31 in Antalya, emphasized that the transition towards cleaner energy is gaining momentum despite political uncertainty in climate policies. He noted that energy security and economic considerations are driving this shift, with crises in fossil fuels exposing the vulnerabilities of traditional energy supplies.

De Bourbon de Parme identified energy security as the primary motivator behind the accelerated transition to renewable energy, followed by economic advantages and public demand for a safer environment. He highlighted the rapid deployment and cost-effectiveness of renewable energy infrastructure in contrast to conventional power plants.

Addressing the rising consumption of electricity and water by artificial intelligence infrastructure, de Bourbon de Parme warned of potential environmental pressures. However, he acknowledged AI's potential in aiding climate action through improved forecasting and administrative efficiency.

At COP31, de Bourbon de Parme outlined emissions mitigation, the global stock take process, adaptation monitoring, and a just transition as key negotiation areas. He stressed the economic and social challenges of transitioning from carbon-intensive industries and the need to support affected workers.

De Bourbon de Parme praised Türkiye's organization of the conference, citing the infrastructure, hospitality, and leadership. He also mentioned the "35 by 35" agenda, which could foster international climate cooperation if agreed upon by participating governments.