The number of countries announcing pledges to achieve net-zero greenhouse gas emissions over the coming decades continues to grow. Questions are being raised about whether net zero emissions can be achieved globally by 2050 with a view to limiting global warming to 1.5 °C and what it would mean for the energy sector.
The International Energy Agency (IEA) has produced a comprehensive energy roadmap showing government actions needed to boost clean energy and reduce fossil fuel use that has the potential to create thousands of jobs in the UK, lift economic growth and keep net zero in reach.
The special report from the IEA assesses the policy requirements, the deployment and innovation needs, the required investment, the economic benefits and the wider implications for the world.
The report focuses on three key areas:
The report identifies keys steps needed to achieve net zero by 2050:
Fatih Birol, the IEA executive director, said
“Our Roadmap shows the priority actions that are needed today to ensure the opportunity of net-zero emissions by 2050 – narrow but still achievable – is not lost. The scale and speed of the efforts demanded by this critical and formidable goal – our best chance of tackling climate change and limiting global warming to 1.5 °C – make this perhaps the greatest challenge humankind has ever faced .The IEA’s pathway to this brighter future brings a historic surge in clean energy investment that creates millions of new jobs and lifts global economic growth. Moving the world onto that pathway requires strong and credible policy actions from governments, underpinned by much greater international cooperation.”
Full details of the report can be found in the Unlock Net Zero Resources section.