World set to fall well short of achieving net zero – IEA
Date: May 18th 2021
Author: Robin Newbold, Montel
Climate pledges by governments to date, even if realised, would fall well short of what is required to bring global carbon emissions to net zero by 2050, the International Energy Agency (IEA) said on Tuesday.To limit the global temperature rise to 1.5C – as enshrined in the Paris agreement – required “an unprecedented transformation of how energy is produced”, it added in its Net Zero by 2050 report.
“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,” said the Paris-based agency’s executive director Fatih Birol.
However, the pathway laid out represented the “greatest challenge humankind had ever faced”.
The roadmap sets out more than 400 milestones to guide the global journey to net zero by 2050.
“These include, from today, no investment in new fossil fuel supply projects, and no further final investment decisions for new unabated coal plants.”
“By 2035, there are no sales of new internal combustion engine passenger cars, and by 2040, the global electricity sector has already reached net zero emissions,” said the IEA.
The pathway called for annual additions of solar to reach 630 GW by 2030 and those of wind power to reach 390 GW – four times the record level set in 2020.
“The contraction of oil and natural gas production will have far-reaching implications for all the countries and companies that produce these fuels,” it said.
This was allied to “growing energy security challenges that result from the increasing importance of electricity [including] the variability of supply from some renewables”.
This article is available also in Slovene.
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