The International Energy Agency is to supply what it calls “the world’s first complete roadmap for the power sector to achieve net-zero emissions by 2050”.
Plans for the World’s Roadmap to Net Zero by 2050 initiative was unveiled in Paris yesterday and can set out intimately what is required from governments, corporations, buyers and residents to completely decarbonise the power sector and put emissions on a path consistent with a temperature rise of 1.5 levels Celsius.
“Nothing wanting a complete transformation of our power infrastructure will probably be required,” mentioned IEA govt director Fatih Birol. “That requires decisive motion this 12 months, subsequent 12 months and certainly yearly to 2050.”
The new roadmap will probably be launched on 18 May and construct momentum forward of the COP26 Summit within the UK in November. It is a part of a sequence of latest IEA tasks to assist efforts to achieve international power and local weather objectives.
Dozens of nations – together with a lot of the world’s largest economies – and plenty of main corporations have already introduced plans to convey their emissions all the way down to zero by across the center of this century.
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But the IEA believes a lot work stays to be executed to translate these bold targets into precise reductions in emissions.
“The power that powers our day by day lives and our economies additionally produces three-quarters of worldwide emissions,” mentioned IEA govt director mentioned Dr Fatih Birol. “This means our local weather problem is basically an power problem.
“The IEA is decided to deal with that problem and lead international clear power transitions,”
Birol mentioned the brand new roadmap “can play a significant function in serving to nations establish and implement the actions wanted to attain local weather, power safety and affordability objectives.”
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COP26 President Alok Sharma mentioned: “The IEA’s plan to supply a pathway to web zero international emissions by 2050 is one other necessary step for local weather motion. This will clarify the actions nations should take individually and collectively to fulfill that objective.”
The IEA additionally yesterday introduced that reinvigorating worldwide power cooperation will probably be a significant theme of its second Clean Energy Transitions Summit.
Following the inaugural occasion final 12 months, the 2021 summit will probably be co-hosted with the UK authorities on 31 March and can concentrate on how governments can work collectively extra successfully to make sure long-term net-zero targets are translated into concrete motion within the run as much as COP26.
Sharma – who’s to depart his function as UK Business Secretary to focus full time on COP26 – mentioned that worldwide collaboration “is on the coronary heart of the UK’s COP26 Presidency and I’m proud that the UK Government will co-host the COP26-IEA Clean Energy Transitions Summit to assist speed up the worldwide shift to wash, reasonably priced and resilient power.”
The IEA has additionally launched a worldwide fee headed by Denmark’s Prime Minister Mette Frederiksen that’s supposed to convey collectively authorities leaders, ministers and distinguished thinkers to discover how greatest to empower residents to profit from the alternatives and navigate the disruptions ensuing from clear power transitions.
The new fee will probably be known as Our Inclusive Energy Future will take into account the social and financial impacts on people and communities, in addition to problems with affordability and equity, with the intention of placing folks on the coronary heart of fresh power transitions.
The fee’s conferences will probably be chaired by Danish Energy, Climate and Utilities Minister Dan Jørgensen and lead to key suggestions upfront of COP26.
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