The International Energy Agency (IEA) informed that will produce the world’s first comprehensive roadmap for the energy sector so as to achieve net-zero emissions by 2050.
Specifically, IEA in its statement said that the new special report “World’s Roadmap to Net Zero by 2050” aims to enhance leadership in global clean energy transitions.
As explained, the initiative will set out in detail what is needed from governments, companies, investors and citizens to fully decarbonise the energy sector and put emissions on a path in line with a temperature rise of 1.5 degrees Celsius.
For the records, the repot is part of a series of new IEA projects to support efforts to reach global energy and climate goals.
This new roadmap will be released on 18 May and build momentum ahead of the COP26 Summit in Glasgow in November, under the presidency of the United Kingdom.
Although several countries, including most of the world’s largest economies, have already set plans to bring their emissions down to zero by around the middle of this century, there is a lot of work to be done to reduce emissions.
The energy that powers our daily lives and our economies also produces three-quarters of global emissions. This means our climate challenge is essentially an energy challenge. The IEA is determined to tackle that challenge and lead global clean energy transitions.
…said Dr Fatih Birol, the IEA’s Executive Director.
The Agency also intends to step up its work on global clean energy transitions in other major areas through 2021 and beyond.
In fact, it will expand efforts to support its members and partners in meeting their climate ambitions, and play a greater role in tracking national commitments.
This includes working with governments to develop stronger mechanisms that build confidence that they are not alone in taking the necessary steps to keep their climate promises.
The IEA’s plan to produce a pathway to net zero global emissions by 2050 is another important step for climate action. This will make clear the actions countries must take individually and collectively to meet that goal.
…as IEA concluded.