India, Nov. 18 -- Governments and industry bodies have committed billions of dollars to address the 'biggest bottleneck' in the clean-energy transition at COP30.

Parties highlighted the urgent need to revamp electricity grids and energy storage systems.

Key commitments include $148 billion annually from Utilities for Net Zero Alliance and substantial investments from development banks.

The 30th Conference of Parties to the United Nations Framework Convention on Climate Change (COP30) delivered one of the strongest signals yet on the urgent need to overhaul electricity grids and energy storage systems. On November 18, 2025, governments, development banks and industry announced billions in fresh commitments aimed at clearing what leaders...